The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has published its monthly oil and natural gas production bulletin for August 2024, comprising consolidated data on national production.

Based on the data reported, the combined oil and gas production amounted to 4.345 million barrels of oil equivalent per day (boe/d) in August, with 3.340 million barrels per day (bbl/d) of oil extracted, an increase of 3.4% compared to July, but a drop of 3.5% compared to the same month in 2023.

Natural gas production reached 159.7 million cubic meters per day (m³/d), increasing 5.6% compared to July 2024 and 8% compared to August 2023. The use of natural gas was 97.8%, with 54.33 million m³/d made available to the market. Flaring reached 3.61 million m³/d, representing a 6.8% increase compared to July, but a 4.3% decrease compared to last August.

Regarding Brazil’s pre-salt, the combined oil and gas production amounted to 3.463 million boe/d, making up 79.7% of the country’s production, which is a 5.5% increase compared to both the previous month and the same period last year. The ANP’s data shows that 2.694 million bbl/d of oil and 122.25 million m³/d of natural gas were produced through 148 wells.

The Tupi field, situated in the pre-salt area of the Santos Basin, was the largest producer, with 832,600  thousand bbl/d of oil and 43.19 million m³/d of natural gas produced in August. The installation with the highest production was the floating production, storage, and offloading (FPSO) unit Carioca (Mv-30), operating in the Sépia, Sépia Leste, and Sépia Eco fields, accounting for 160,720 bbl/d of oil.

Petrobras recently made a final investment decision (FID) to move forward with the second development phase of the Sépia and Atapu fields, which will see Seatrium build two FPSO units.