Petroleo Brasileiro Petrobras : Oil and natural gas production in May

Rio de Janeiro, June 15, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that, in May, its total production of oil and gas, including natural gas liquids (NGL), was 2.67 million barrels of oil equivalent per day (boed), with 2.57 million boed produced in Brazil and 96 thousand boed produced abroad. Total production operated by the company (Petrobras and partners' share) was 3.34 million boed, with 3.20 million boed in Brazil.

The average oil production in the country was 2.07 million barrels per day (bpd), 1.2% lower than the volume produced in April, mainly due to the maintenance stoppage of FPSO Cidade de Saquarema, located in Lula Field, that operate in the Santos Basin pre-salt.

The production of natural gas in Brazil, excluding the liquefied volume, was 81.0 million m³/d, 2.4% higher than the previous month. This increase is mainly due to the higher gas demand for thermoelectric generation in the State of Amazonas and the end of the maintenance stoppage of Peroá field platform in the Espirito Santo Basin.

Oil production in the fields abroad was 59 thousand bpd, volume 1.3% higher than the previous month, and the natural gas production was 6.4 million m³/d, 0.8% higher than the volume produced in April. These increases are due to the normalization of oil production after maintenances in the Saint Malo field in the USA, and higher gas demand in Bolivia.