EX-15.3 9 exhibit15_3.htm EX-15.3

Exhibit 15.3

Hydrocarbon Production by Geographic Area

The following table sets forth our production of crude oil, natural gas, synthetic oil and synthetic gas by geographic area in 2020, 2019 and 2018:

 

 

 
 

2020

2019

2018

 

Oil + NGL
(mbbl)(5)

 

Synth. Oil
+
NGL (mbbl)(4)(6)

 

Nat. Gas
(mmcf) (1)

 

Synth.
Gas (mmcf)(1)(4)

 

Total
(mboe)

 

Oil + NGL
(mbbl)(5)

 

Synth. Oil
+
NGL (mbbl)(4)(6)

 

Nat. Gas
(mmcf)(1)

 

Synth.
Gas (mmcf)(1)(4)

 

Total
(mboe)

 

Oil + NGL
(mbbl)(5)

 

Synth. Oil
+
NGL (mbbl)(4)

 

Nat. Gas
(mmcf)(1)

 

Synth.
Gas (mmcf)(1)(4)

 

Total
(mboe)(7)

 
Brazil 828,340 943 446,759 423 903,814 791,970 754 551,194 298 884,639 741,766 929 541,557 259 832,998
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tupi field (2) 226,858   147,263   251,402 224,390 - 149,424 - 249,294 204,831 - 133,518 - 227,084
Búzios field (2) 187,934   786   188,066 91,967 - - - 91,967 12,147 - - - 12,147
Other 413,548 943 298,710 423 464,346 475,613 754 401,770 298 543,378 524,787 929 408,039 259 593,766
International:                              
South America (outside of Brazil) 1,221 168 55,547 11,977 12,643 1,406 - 68,686 - 12,854 1,624 - 75,393 - 14,190
North America - -   - - - -   - - 14,289 - 4,365.4 - 15,017
Total International 1,221 168 55,547 11,977 12,643 1,406 - 68,686 - 12,854 15,914 - 79,758 - 29,206
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total consolidated production 829,561 1,111 502,306 12,400 916,457 793,376 754 619,880 298 897,493 757,680 929.5 621,316 259 862,203
                     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity method investees (3):                              
South America (outside of Brazil) - - - - -           - - - - -
North America 4,192 - 1,456 - 4,435 4,651 - 1,662 - 4,928 426 - 148 - 452
             
 
 
 
 
 
 
 
 
 
Africa 0,500 - - - 0,500 12,255 -   - 12,255 7,118 - - - 7,118
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Worldwide production 834,253 1,111 503,762 12,400 921,392 810,282 754 621,542 298 914,676 765,224 929 621,463 259 869,771
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

_____________________________________________________

(1) Natural gas production figures are the production volumes of natural gas available for sale, excluding flared and reinjected gas and gas consumed in operations.

(2) The Búzios and Tupi fields are separately included as they each contain more than 15% of our total proved reserves.

(3) Equity-accounted investees.

(4) We produce synthetic oil and synthetic gas from oil shale deposits in São Mateus do Sul, in the Paraná Basin of Brazil.

(5) Oil production includes production from EWT and NGL.

(6) Conversion rate for gas is 1 boe = 6,000 cf.

(7) The gas to boe conversion rate for 2018 was rectified.