Petrobras expands capacity on 11 platforms without new investments

The president of Petrobras, Magda Chambriard, highlighted the company's operational efficiency by expanding the production capacity of 11 platforms by 282 thousand barrels of oil per day. According to her, the data reinforces the positive result of the third quarter of 2026, a period in which the state-owned company made a profit of almost R$40 billion.

Magda said that the increase in production boosts self-sufficiency and Brazil's position among the world's largest oil producers.

"What we are doing is nothing more, nothing less, than anticipating the production of this extended capacity by four years. It is an anticipation of production of 280 thousand barrels of oil per day that we already have licensed today. This number is gigantic and completely unimaginable", he said.

The president also reported that Petrobras has expanded refining and hopes to achieve diesel self-sufficiency by 2031. In the third quarter, the company produced 769,000 barrels per day of diesel.

“In this way, we guaranteed diesel space in the Brazilian market for Petrobras in an absolutely relevant way, at a time of serious crisis and external geopolitical instability,” said Magda. "This is without the refineries in Amazonas, Rio Grande do Norte and Bahia that were sold in the recent past. If we still had these three, perhaps we would already be self-sufficient."

3rd quarter results

On Tuesday (10), Petrobras released its results for the 3rd quarter of 2026. The state-owned company achieved a net profit of R$39.8 billion, which corresponds to an increase of 21.5% compared to the same period last year. The balance sheet reports that operating cash flow (FCO) reached R$61.8 billion (US$12 billion), a growth of 15% in twelve months.

In 2026, Petrobras broke a quarterly record in oil production three times, sequentially. Additionally, 11 platforms were authorized to safely produce above their original capacity without extra investment in production units.

Sales of derivatives in the domestic market reached 1,854 million barrels of oil per day (mbpd) in the quarter, the highest volume since the third quarter of 2021 and the best result with the current refining park. A quarterly record was also recorded in diesel production, at 769 mbpd. Total production of derivatives reached 1,873 mbpd in the period.

In the third quarter, the amount of investment reached R$33 billion (US$6.4 billion), of which R$27.5 billion was in the exploration and production segment, which resulted in the construction of platforms and well interconnections.