December 8, 2022
Petrobras (PETR3; PETR4) produced and sold less in the third quarter of '22;  See the numbers - Money Times

Petrobras (PETR3; PETR4) produced and sold less in the third quarter of ’22; See the numbers – Money Times

Compared to the second quarter, the company’s production fell 0.3% (Photo: Agência Petrobras)

The Petrobras (PETR3;PETR4) produced 2.6 million drums per day (barrels per day) of petroleum And the Gas In the third quarter of 2022, down 6.6% from last year.

Compared to the second quarter, the company’s production decreased by 0.3%.

According to the company, the biggest impact of the production-sharing contracts was for the excess volumes of the transfer of rights in the Atapu and Sepia fields, in effect from May 2, with a decrease in the participation of Petrobras Weighing in the fields. The effect was about 43 thousand boys.

In addition, the decommissioning and decommissioning of the FPSO Capixaba, on May 21, led to an impact of 11,000 barrels.

Petrobras’ sales of petroleum products in the domestic market reached 1.798 million barrels/day in the third quarter, down 7.6% year-on-year.

In total, there are 58 production platforms currently in operation, which are periodically discontinued for maintenance.

The company explains: “In the third quarter, we had an estimated loss with maintenance disruptions and interventions of 170,000 barrels, compared to losses of 251 thousand barrels in the second quarter.”

Total pre-salt production was 1.94 million barrels, in line with the second quarter, representing 73% of Petrobras’ total production. Compared to last year, there was a 3.8% decrease.

Petrobras Derivatives

Petrobras’ total production of petroleum products reached 1,750 million barrels/day in the third quarter, down 9.4% compared to the same period last year and 1.2% compared to the second quarter of 2022, amid a scheduled shutdown that occurred, with a greater impact on diesel and aviation. Kerosene (QAV) and naphtha.

Petrobras’ total sales of petroleum products in the domestic market reached 1.798 million barrels/day in the third quarter, down 7.6% year-on-year, mainly due to the liquidation of the Ralam refinery, in Bahia, the country’s second largest refinery. .

Compared to the second quarter, the company recorded a 4.7% increase in sales of petroleum products in the local market, with an increase in sales of all products, especially diesel and gasoline.

Petrobras Petrol and Diesel Sales

Gasoline sales grew 8% compared to the second quarter. according to PetrobrasAs of July, after the tax cut on derivatives, there has been a decrease in consumer prices and therefore an increase in the consumption of the light vehicle fleet.

“In addition, gasoline has increased its competitiveness with respect to hydro-ethanol in the Flexible Fleet option,” he adds.

Diesel sales increased 4.6% compared to the second quarter, mainly due to seasonality of consumption, and are usually higher in the third quarter due to the planting of the summer grain crop and increased industrial activity.

import and export

State-owned oil exports totaled 363,000 barrels per day in the third quarter, down 39.9% year-on-year and 31.6% during the second quarter. Foreign sales of fuel oil and other derivatives also witnessed a sharp decline compared to 2021.

The decrease in the volume of oil and fuel oil exports is attributed to the exports that were in progress for the fourth quarter.

“There was an increase of about 100 million barrels per day of exports in progress between the second quarter of year 22 and the third quarter of year 22.”

Oil imports were up 18.5% year over year, while gasoline and diesel were down 38.1%.

with Reuters

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