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November 8, 2024
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Oil leads the country’s export agenda in the third half of the year

Oil leads the country's export agenda in the third half of the year

With Petrobras operating almost 90% of national production, the state-owned company managed in the third half of this year, with oil exports, to surpass agribusiness and mining in the export agenda. The announcement was made this Friday (8) by the company’s president, Magda Chambriand.Oil leads the country's export agenda in the third half of the year

“We reached the milestone of Brazil’s first export product with crude oil. We surpassed soybean meal, agribusiness, mining and iron exports and became capable of offering the country an immense contribution to the first product on Brazil’s export list, crude oil, produced mainly by Petrobras”, he informed.


Rio de Janeiro (RJ), 10/14/2024 – The president of Petrobras, Magda Chambriard, during breakfast with journalists, at the Senado Building, in the center of the capital of Rio de Janeiro. Photo: Tomaz Silva/Agência Brasil
Rio de Janeiro (RJ), 10/14/2024 – The president of Petrobras, Magda Chambriard, during breakfast with journalists, at the Senado Building, in the center of the capital of Rio de Janeiro. Photo: Tomaz Silva/Agência Brasil

The president of Petrobras, Magda Chambriard, Photo: Tomaz Silva/Agência Brasil

Petrobras brought some operational highlights such as, in September, the unprecedented milestone in Brazil of 3 billion barrels of oil and accumulated production achieved by the Tupi Shared Deposit and the Iracema area.

Magda made the announcement when dealing with the balance sheet for the third quarter of 2024. The company had profit of R$32.6 billion. Compared to the same period of the previous year, there was an increase of 22.3%. The distribution of R$17.1 billion in dividends to the company’s shareholders was also announced.

The executive assesses the results as solid and consistent and above sector expectations. “Results that exceeded the best market expectations. Last quarter, we had strong cash flow both due to oil exploration and production and refining, natural gas. In this quarter, therefore, what we are reaffirming is the success of the choices we made. We have debt at the lowest level since 2008. Today, we are responsible for generating 31% of all primary energy in our country”, he highlighted.

The FPSO (floating production, storage and transfer unit) Sepetiba, in the Mero 2 field, reached peak production less than eight months after coming into operation, contributing to a record for total pre-salt operated production of 3.49 million barrels of oil equivalent per day (boed).

The company also celebrated the entry into operation of the FPSO Maria Quitéria in the Jubarte field on October 15th and the FPSO Marechal Duque de Caxias in the Mero field on October 30th.

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