Cumulative production under the sharing regime since 2017, the beginning of the historical series, surpassed the mark of 1 billion barrels of oil in November. The Búzios field is responsible for more than half of production in the period, accumulating 529 million barrels. The Mero and Sepia fields are in second and third place. Since 2017, the Government has been entitled to an accumulated 59.8 million barrels. The data is part of the Monthly Production Bulletin released by PPSA (Pré-Sal Petróleo) on Thursday (16).

Daily production in November

In November, total production under the sharing agreements reached 1.1 million barrels per day (bpd), 6% more than in the previous period, due to improved operational efficiency at Libra.
The Búzios, Mero, and Sépia fields remained the largest producers under the sharing regime, accounting for 86% of the total.

The Government's share of oil in the sharing agreements alone was 96.41 thousand bpd. The result for the month was 4% lower than in the previous period, due to costs recovered from the construction of P-85, the Sépia 2 Project, and the stoppage of FPSO Ilhabela, in Sapinhoá.The largest share of the Government came from Mero, which accounted for more than 87% of production, with 84.23 thousand bpd.

Total natural gas exports under the sharing regime in November amounted to 3.77 million m³/day. The result comes from five fields and was 6% lower compared to the previous month due to the shutdown of the FPSO Ilhabela in Sapinhoá and the reduction in exports from the FPSO Almirante Barroso in Búzios. The share of natural gas available for export by the Government was 90 thousand m³/day under the sharing regime.

Total Government production

When adding the daily oil production of the Government under the sharing regime and the Production Unitization Agreements (AIPs) of the uncontracted areas of Tupi and Atapu, the daily oil production was 100.53 thousand barrels per day in November, a result practically stable compared to October (minus 3%). Regarding gas volumes and considering all participations, the Government was also entitled to a total production of 158,000 m³ per day for the month. The volume is 38% below that of October, due to the reduction in exports from the FPSO Almirante Barroso and the cost recovery of the FPSO P-85 in Sépia.