Company achieved record pre-salt production. Sales of derivatives in the domestic market increased by 2.9% in 12 months
In the 1st Quarter of 2025 (1Q25), Petrobras had a 5.4% increase in average production of oil, NGL and natural gas, which reached 2.77 MMboed, mainly due to the lower volume of losses due to maintenance shutdowns; improved operational efficiency in the Santos Basin; the entry into production of the FPSO Almirante Tamandaré, in the Búzios field; and the ramp-up of the FPSO Marechal Duque de Caxias, in the Mero field, factors partially offset by the natural decline in production.
This quarter, 11 new production wells came into operation, 6 in the Campos Basin and 5 in the Santos Basin.
Main highlights of the 1st Quarter of 2025
- The FPSO Almirante Tamandaré began production on February 15, in the Búzios field, in the pre-salt layer of the Santos Basin. The unit has the capacity to produce up to 225 thousand barrels of oil per day and to process up to 12 million cubic meters of gas. This is the first of six systems contracted by Petrobras to operate with this oil production capacity, with the next five units being owned by Petrobras. The unit is expected to reach its production capacity by the end of this year.
- In addition, the FPSO Almirante Tamandaré began gas injection on April 5, just 49 days after the system began operating. This is another record for the Santos Basin pre-salt, whose previous record of 52 days was achieved by the FPSO Almirante Barroso, located in the Búzios field. Gas injection is one of the factors contributing to the increase in production.
- On February 12, the second production well of the FPSO Marechal Duque de Caxias, in the Mero field, began operating, reaching a daily operated production of approximately 95 thousand barrels of oil. Peak production is expected to be reached in the second quarter.
- After leaving China in December 2024, the Alexandre de Gusmão platform vessel arrived at the Mero field, Libra block, in the Santos Basin, on March 3. The FPSO anchoring was completed in just 10 days. The unit is expected to start operating between the 2nd and 3rd quarter of 2025. The platform has the capacity to produce 180 thousand barrels of oil daily, in addition to compressing 12 million m³ of gas.
Petrobras reached some production records this quarter, including:
- Production of oil + NGL operated in the pre-salt in 1Q25: 2.77 MMboed (previous record of 2.76 MMboed in 4Q23).
- Total operated production in the pre-salt in 1Q25: 3.38 MMboed (previous record of 3.34 MMboed in 4Q23).
Growth in the sale of derivatives and the share of pre-salt oil in the processed load
In 1Q25, sales of oil products in the domestic market increased by 2.9% compared to the same period of the previous year, driven by diesel, gasoline and jet fuel. The company recorded a 73% share of pre-salt oil in the cargo processed at the refining park in this quarter, 2 percentage points above 4Q24 and equaling the record registered in 3Q24. The high share of pre-salt oils in the processed cargo reinforces the focus on optimizing the use of these streams for the production of higher value-added oil products and reducing atmospheric emissions.
Petrobras achieved high yields in the production of medium derivatives (diesel and QAV) and gasoline, which represented 69% of the total volume of derivatives in 1Q25, even with an important planned general shutdown of RNEST in this quarter, when the modernization works of Train 1 were completed.
In February 2025, the company made its first sale of VLSFO ( Very Low Sulfur Fuel Oil ) with 24% renewable content in the Asian market, in partnership with Golden Island, a bunker supplier in Singapore. The product is a blend of 76% mineral fuel oil and 24% UCOME, a biofuel made from used cooking oil. Petrobras Singapore is ISCC EU certified ( International Sustainability & Carbon Certification- European Union ), guaranteeing the sustainability of the product.
This data is present in Petrobras' production and sales report, released this Tuesday (04/29/2025). Click here to access the full report.
Source: Petrobras
