Petrobras output up

Online: P-62 FPSO

Brazil’s oil and gas output has reached 2.79 million barrels of oil equivalent per day, slightly up on the previous month but not enough to mark a new national record, according to data released by hydrocarbons regulator ANP.

State-owned Petrobras’output was up 1.7% in terms of crude alone, passing the 2 million barrel-per-day mark in June.

ANP data showed output in the pre-salt fairway as being 6.2% higher than the previous month, reaching 478,000 bpd of oil and 16.7 million cubic metres per day of gas.

Pre-salt output flowed from 33 wells in 10 fields - Baleia Azul, Baleia Franca, Barracuda, Caratinga, Buzios, Linguado, Lula, Marlim Leste, Pampo and Sapinhoa.

Petrobras recently reaffirmed the company’s forecast for a 7.5% boost in its own output in 2014, despite the scepticism about this figure expressed by some analysts.

Petrobras expects to receive first oil on three new floating production systems later this year, with the P-61 tension-leg wellhead platform due to start operations on Papa Terra and two floating production, storage and offloading vessels - the Cidade de Ilhabela and the Cidade de Mangaratiba - to start producing on Santos basin pre-salt fields Sapinhoa Norte and Iracema Sul, respectively.

The P-58 and P-62 FPSOs entered into production in the Campos basin earlier this year.

Analysts have questioned Petrobras’ 2014 production targets after offshore commissioning and maintenance delays kept output flat during the first four months of this year.

Petrobras has pointed out that scores of new wells are to be connected up to platforms such as the P-58, the P-62 and the P-55 semi-submersible unit over the next few months.

Petrobras’ 7.5% target carries a margin of error of 1 percentage point, according to the company’s data.

The company was meanwhile due to release its second-quarter results later on Friday.

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