PetroReconcavo (RECV3) reported average production of 23.7 thousand barrels of oil equivalent per day (boe/day) in July 2026, down 1.4% compared to June. According to the company, performance was mainly affected by a scheduled 12-day shutdown at the Miranga Compressor Station and by power events at the Sabiá complex, which impacted natural gas and associated oil production at the Potiguar Asset.
At the Potiguar Asset, production in July was 12.0 thousand boe/day, a 3.2% drop from the previous month, with 7.6 thousand barrels of oil per day (bbl/day) and 4.3 thousand boe/day of natural gas. Oil production fell 1.9% versus June, due to power supply failures at the Sabiá complex and the stabilization of wells after the initial flush from workovers carried out in June, partially offset by workover projects at the Livramento field. Natural gas production decreased 5.4% over the same comparison period, for the same reasons.
At the Bahia Asset, total production reached 11.8 thousand boe/day in July 2026, a level considered stable compared to June, with 6.4 thousand bbl/day of oil and 5.3 thousand boe/day of natural gas. Oil production at the asset rose 3.2% from the previous month, driven by the repair and return to production of wells in Tiê and Remanso. Natural gas, in turn, fell 2.7% on the same comparison basis, due to the scheduled 12-day shutdown at the Miranga Compressor Station, an effect partially mitigated by higher production at Tiê after well repair.
In the year-to-date through July 2026, PetroReconcavo’s consolidated daily production consisted of 14,074 boe/day of oil and 9,656 boe/day of natural gas. In the month, total volumes delivered for sale and processing reached 707,345 boe, of which 426,660 boe were oil and 280,685 boe were natural gas.
