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Investor Presentaiton

34 YEARBOOK OF THE OIL AND NATURAL GAS INDUSTRY IN ESPÍRITO SANTO 2022 CHAPTER 2 EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS IN ESPÍRITO SANTO 35 47.7 million barrels of oil was the offshore production of the input in Espírito Santo in 2022 1.22 billion m³ of natural gas was the offshore production of the input in Espírito Santo in 2022 oil and natural gas production, respectively. In 2022, oil produc- tion in the capixaba pre-salt was 18.4 million barrels of oil and nat- ural gas production was 706.8 million m3. Production in the pre- salt layer accounts for 38.7% and 57.8% of offshore oil and natural gas production in Espírito Santo, respectively. The production of offshore oil and natural gas in Espírito Santo can be divided into three parts, according to its location. The first two are located in the Campos Basin, in the producing fields of Parque das Baleias and Parque das Conchas, while the third is located in the producing fields of the Espírito Santo Basin⁹. In the transition from 2021 to 2022, Parque das Baleias re- corded a 35.9% and 40.7% drop in oil and natural gas production, respectively. The area produced 37.7 million barrels of oil (chart Chart 17 Offshore oil production in Espírito Santo by location (thousand barrels) 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2011 2012 17) and 921.9 million m3 of natu- ral gas (chart 18), being responsi- ble for producing 79.1% of the oil and 75.3% of the offshore natural gas of Espírito Santo. Parque das Conchas recorded, in the transition from 2021 to 2022, a drop of 23.6% and 23.2% in oil and natural gas production, re- spectively. The park produced 8.6 million barrels of oil (chart 17) and 82.4 million m3 of natural gas (chart 18), being responsible for producing 18.0% of the oil and 6.7% of the offshore natural gas of Espírito Santo. Finally, the producing fields of the Espírito Santo Basin registered a drop in production of 64.4% for oil and 29.2% for natural gas in the transition from 2021 to 2022, reaching a production of 1.3 mil- lion barrels of oil (chart 17) and 219.6 million m³ of natural gas (chart 18). 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Parque das Conchas Parque das Baleias Source: ANP | Elaboration: Industry Observatory/Findes ■Fields in the Espírito Santo Basin Chart 18- Offshore natural gas production in Espírito Santo by location (million m³) 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2010 2011 2012 2013 Parque das Baleias Source: ANP | Elaboration: Industry Observatory/Findes 2.5.2. Onshore oil and natural gas production Onshore oil production in Espírito Santo in 2022 was 2.6 million bar- rels of oil, 12.9% lower than in the previous year (chart 19). Onshore natural gas production in Espírito Santo, in 2022, was 21.9 million m³, 16.1% lower than in the previous year (chart 20). The state has reached the lowest level of onshore oil pro- duction in twenty years. Regarding the division by location, 95.6% of onshore oil production in Espírito Santo is concentrated in ten producing fields: Fazenda Alegre (49.9%), Cancã (16.2%), Fazenda São 7. In 2019, ANP and Petrobras signed an agreement involving the park's reservoirs for the purpose of paying royalties and special participations. The agreement considered only a reservoir called Novo Campo de Jubarte, which included the areas be- tween Jubarte, Baleia Azul, Baleia Franca, parts of Cachalote, Mangangá and Pirambu. The agree- ment made it possible to approve a new Develop- ment Plan for the New Jubarte Field, with the exten- 2014 2015 2016 ■Parque das Conchas 2017 2018 2019 2020 2021 2022 Fields in the Espírito Santo Basin Rafael (7.2%), Inhambu (6.6%), and Fazenda Santa Luzia (5.7%), Fazen- da São Jorge (3.8%), Lagoa Parda (3.4%), Fazenda Queimadas (1.2%), Suindara (0.9%) and São Mateus (0.9%). It is worth highlighting the good performance in the production of the Lagoa Parda and Suindara fields. These areas had low produc- tion and in 2021, they recorded a pro- duction of 27.8 and 102.5 thousand barrels of oil, respectively. The Su- indara field is operated by oil compa- ny BGM Petróleo e Gás Natural and the Lagoa Parda field is operated by Capixaba Energia. sion for another 27 years for the production phase. 8. Composed of the fields of Abalone, Argonauta and Ostra. 9. Composed of the fields of Cação, Camarupim, Camarupim Norte, Canapu, Cangoá, Golfinho and Peroá. 2.6 million barrels of oil was the onshore production of the input in Espírito Santo in 2022 21.9 million m³ of natural gas was the onshore production of the input in Espírito Santo in 2022
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