RIO DE JANEIRO, April 27 (Reuters) – Oil manufacturing at Brazil’s Petrobras rose within the first quarter as extra wells ramped up or got here on line, whereas a brand new platform set to start pumping in May ought to assist that development proceed, the state-run firm stated on Wednesday.
In a securities submitting, the corporate stated crude manufacturing got here to 2.231 million barrels per day, up 1.6% from the identical interval final 12 months and three.7% from the fourth quarter.
Including pure gasoline, Petrobras produced 2.796 million barrels of oil equal per day, up 1.1% from the primary quarter of 2021 and three.4% in quarterly phrases.
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In feedback accompanying the figures, Petroleo Brasileiro SA (PETR4.SA), because the agency is formally recognized, pressured the continued ramp up of its Carioca FPSO and P-68 platform, positioned within the pre-salt, a deepwater formation which has turn into the middle of the corporate’s efforts lately. Average first quarter manufacturing at Carioca got here in at 127,000 bpd, the corporate stated.
The firm additionally famous that two wells got here on line in early March at its Roncador subject, including 18,000 bpd of manufacturing. A variety of upkeep stoppages within the fourth quarter meant the corporate had a comparatively favorable comparative base, Petrobras added.
In May, Petrobras ought to start manufacturing at its Guanabara FPSO within the Mero subject, which could have a processing capability of 180,000 bpd when absolutely ramped up, the corporate stated.
Refinery utilization charges got here to 87% within the quarter, and a few 91% within the final week of March.
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Reporting by Gram Slattery in Rio de Janeiro and Robeto Samora in Sao Paulo; Editing by Chris Reese, Christian Plumb and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
Brazil’s Petrobras boosts manufacturing, flags May start for major platform & More Latest News Update
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