Wednesday, July 2, 2014

Petrobras has broken through the barrier of 500k barrel in pre-salt

Petrobras and its partners have surpassed the milestone of 500,000 barrels of oil per day (bpd) produced in the Brazilian pre-salt, just eight years after the first discovery in the region. To achieve the same level of total production, the company demanded 31, 1953 - the year of its creation -. Compared to 1984 was highlighted by President of the Republic, Dilma Rousseff, the Minister of Mines and Energy, Edison Lobao and the President Petrobras, Maria das Silva Foster, who attended yesterday (01/07) of the ceremony to commemorate the milestone, the headquarters of Petrobras in Rio de Janeiro.

President Dilma Rousseff stressed that the first 500 thousand barrels per day of Petrobras in 1984 were achieved with approximately 4000 producing wells. "Now, only 25 wells were needed (to reach 500,000 barrels per day in the pre-salt)" compared the president. "Right now, the pre-salt accounts for 22% of Petrobras production. In 2018, it accounted for over 50% of production," added Rousseff, noting that many doubted that Petrobras would reach this level of production in pre-salt in such a short time. The Minister of Mines and Energy, Edison Lobao, said that the change in Brazilian law for exploration and production of oil was motivated by the discovery of pre-salt and the understanding that this was an area with great potential. "Today we can prove the correctness of the decision taken at that time.Our pre-salt production now exceeds the threshold of 500 000 barrels per day and this is just the beginning of this great oil power ", said the minister.

Petrobras presalt production

The Petrobras CEO Maria das Silva Foster also noted that this year is exactly 30 years, Petrobras announced the first 500 thousand barrels of production in 1984. "30 years ago, on June 28, 1984 we, Petrobras, made 500,000 barrels per day of production. And on June 24, 2014, we went back to reach 500 thousand barrels per day in the pre-salt. It is such a joy that we remember the first 500 thousand barrels like it was yesterday. There was no mention in pre-salt at the time, "he recalled.

Director of Exploration and Production Petrobras, José Formigli revealed that the cumulative production from pre-salt, from 2008 until today, has reached 360 million barrels of oil equivalent (oil and gas). He still remembered the myths overturned on the pre-salt during this period, including the drills when drilling melt the salt layer. The director also said that the production has been achieved in the last days. "Before yesterday, we produce 501 000, 510 000 and we did yesterday we are today with the prediction that could reach 515,000 barrels. This is our routine and we will keep rising this production over the coming weeks and months and years ahead, "projected.

Brazil presalt map

Surplus Assignment

When talking about the conquest of the 500 thousand barrels per day, the president Grace Foster also reinforced important decision recently announced: direct contracting Petrobras by the Union for the production of surpluses in the contracted volumes onerous assignment. According to estimates by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), these excess volumes are estimated to be between 9.8 and 15.2 billion barrels. The transaction was approved on June 24 by the National Energy Policy Council (CNPE) and production in the region should begin in 2021.

Grace explained that Petrobras has drilled 17 wells in the areas listed in the contract to be signed - Buzios, Surrounding of Iara, Forint and Northeast Tupi. Of these, 12 wells were tested, and the success rate reaches 100%. "It is a resounding success," he said. The president also stressed that exploration in these areas, as a region with low exploratory and where Petrobras already operates risk will generate savings with discoveries of up to $ 18 billion for the company between 2015 and 2021. She explained that hiring directly by Petrobras Union is aligned with the Business Plan and Management 2014-2018, approved by the Board of Directors in February 2014: "The Strategic Plan was worked on the board of Petrobras for two years until approved. The strategic choice of Petrobras is producing an average of 4 million barrels per day between 2020 and 2030, acquiring rights to explore areas that facilitate this goal. "

The president also said he believes the shipbuilding industry will be able to meet all the demands that will arise for the exploitation of the surplus volumes. "Five or six years ago we had a giant challenge was the offshore industry. Many did not believe, but we did. Completed in 2013, nine systems of production, seven in Brazil and two out. If we did nine in 2013, why do not we make nine more in 2018? Let's do it again, we will continue learning and working at the pace of Petrobras, "he said.

Tribute to former director of Petrobras

Dilma Rousseff and Grace Foster paid tribute to the plate and delivered a geologist Guilherme Estrella, Director of Exploration and Production Petrobras when the first pre-salt discovery was announced in 2006. "I share this honor with all employees of the company. Not only is an achievement not only my my team. existence is the result of 60 years of Petrobras. Which would be today without Brazil's pre-salt? "questioned Estrella.

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