Petrobras, a Brazilian state-owned oil and gas company, has reached total production of 2.78 million barrels of oil equivalent per day (MMboed) in 2023, which is a 3.7% increase from the previous year.

This production includes both oil and natural gas, with 2.44 MMboed being commercial production and 2.24 million barrels per day (MMbpd) being oil production.

These results exceeded the company’s Strategic Plan 23–27 guidance and fell within the production forecast revised in November 2023, within the range of ± 2.0%, Petrobras stated in a press release published on Friday.

Petrobras achieved a record total own production of oil and natural gas in the pre-salt, with 2.17 MMboed, surpassing the previous record of 1.97 MMboed in 2022 and accounting for 78% of the company’s total production.

The company also achieved a record total operated oil and natural gas production of 3.87 MMboed, surpassing the previous record of 3.64 MMboed in 2022.

In 2023, four new platforms came on stream, contributing to excellent operating results, the company noted.

In May, FPSO Anna Nery, the first unit in the Marlim and Voador Revitalization Project, and FPSO Almirante Barroso, the fifth unit in the Búzios field, came on stream.

In August, the company started operation of the FPSO Anita Garibaldi, the second unit of the Marlim and Voador Revitalization Project, and, in December, the FPSO Sepetiba, the second definitive production system of the Mero field.

Furthermore, Petrobras was able to reach the maximum oil production capacities of the P-71 platforms in the Itapu field, the FPSO Guanabara in the Mero field, and the FPSO Almirante Barroso in the Búzios field throughout 2023. The latter took place in October 2023, less than 5 months after the first oil, a record in pre-salt.