In February this year, the Union was entitled to 17,000 barrels of oil per day (bpd) in production, sharing contracts (CPPs) in the Pre-Salt Polygon. The brand is the same as in January, which, at the time, was the largest ever recorded in the historical series, which has existed since 2017. The information is contained in the Monthly Bulletin of Production Sharing Contracts, released this Tuesday (19) by Pre-Salt Oil (PPSA).


Of the 17,000 barrels a day that make up the Union's oil profit in February, 7,400 bpd came from the Libra CPP, in the Mero Development Area; 5.7 thousand bpd from the Búzios CPP; and 4.1 thousand bpd from the CPP in the surroundings of Sapinhoá. At the Tartaruga Verde Sudoeste CPP, the Union's surplus oil continues to be used to settle the "Accounts Settlement" with the operator, through the redetermination of the Production Individualization Agreement (AIP).


The average total production under the sharing regime in February was 466 thousand bpd. Búzios had the highest production, with 406 thousand bpd, followed by the Mero Development Area, with 48 thousand bpd. Surroundings of Sapinhoá and Tartaruga Verde Sudoeste completed the daily production, with 7 thousand and 5 thousand bpd, respectively.


Since the beginning of the historical series, the accumulated share of oil for the Union is 13 million barrels. The total production, in the same period, adds up to 138 million barrels of oil.

Natural gas


In addition to oil, the Union also had a surplus of natural gas. On average, 113 thousand m³/day were produced, with 103 thousand m³/day referring to the Sapinhoá surroundings and 10 thousand m³/day to Búzios. In Tartaruga Verde Sudoeste, the Union's surplus gas continues to be used to settle the "Accounts Settlement" with the operator, through the redetermination of the AIP. Mero, so far, has no forecast of commercialization of natural gas.


The total average daily production of the three contracts, in February, with commercial use, was 945 thousand m³/day, with 739 thousand m³/day coming from Búzios; 172 m³/day around Sapinhoá; and 34 thousand m³/day of Tartaruga Verde Sudoeste. Compared to January of this year, the volume of available gas increased by 12% due to the normalization of operations in Búzios, after the unavailability of the Dehydration Unit on the P-74.


Since 2017, the beginning of the historical series, the Union's natural gas surplus is 109 million cubic meters. The accumulated production, in the same period, totals 441 million cubic meters of natural gas with commercial use.


The Production Sharing Agreement Monthly Bulletin is now available and can be viewed here: