It was a widely successful 2024 for Petrobras as the Brazilian operator has reported it has achieved all of its production targets that were established in the 2024-2028+ Strategic Plan.
In total, oil and natural gas production reached 2.7 million barrels of oil equivalent (boed). Commercial oil and natural gas production reached 2.4 million boed and oil production was reported at 2.2 million barrels per day.
The operator set a new annual record for total own and operated production in the pre-salt, with 2.2 million boed and 3.2 million boed respectively, equating to 81% of the company’s total production.
Petrobras made significant headway in 2024, with one note-worthy project including the start-up of two new platforms: the FPSO Maria Quitéria, located in the Jubarte field in the Campos Basin; and the FPSO Marechal Duque de Caxias in the Mero field located in the Santos Basin pre-salt layer.
During the year, the FPSO Sepetiba platform, in the Mero field, reached its maximum oil production capacity after eight months of operation. The ramp-up of FPSO platforms partially offset the losses resulting from maintenance shutdowns and the decline in mature fields in addition to the impact on production due to unscheduled shutdowns determined by the ANP and the effects of the Ibama strike.
Another significant milestone of the year was the start of commercial operations of the Natural Gas Processing Unit (UPGN), located in the Boaventura Energy Complex, in November which has the capacity to process 10.5 million m3/day of gas through its first module.
