File photo of the Petrobras logo April 23, 2015. REUTERS/Paulo Whitaker/
SAO PAULO, Jan 14 (Reuters) – Brazil’s Petrobras lowered its production outlook for the 2022-2026 period on Friday to reflect extraction-sharing agreements involving the Atapu and Sepia oil fields.
Brazil’s state oil company said in a securities filing that it now expects to produce 2.6 million barrels of oil equivalent per day (boed) in 2022, down from 2.7 million boed in its previous forecast, with a range plus or minus 4%.
For the 2023-2026 period, Petrobras has also lowered its oil and gas production targets by an average of 100,000 boed.
The Atapu and Sepia production sharing agreements were signed after Petrobras and several other oil giants acquired stakes in the crude fields at auction in late 2021.
Galp’s TotalEnergies, Qatar Petroleum, Petronas and Petrogal have stakes in Sepia, while Shell, TotalEnergies, Petrogal and PPSA are part of the Atapu production deal.
Petrobras operates both oil fields.
(Reporting by Gabriel Araujo and Roberto Samora. Editing in Spanish by Marion Giraldo)