PetroReconcavo (RECV3) reported average production of 22.5 thousand boe/day (barrels of oil equivalent per day) in October 2026, a 4.1% decrease from September. The decline was due to a scheduled maintenance shutdown at a partners' gas processing unit in Bahia and well failures in the Potiguar Asset.
In the Potiguar Asset, production was 11.3 thousand boe/day, 3.1% lower than the prior month, consisting of 7.2 thousand bbl/day of oil and 4.1 thousand boe/day of natural gas. Oil production fell 3.4%, due to the stabilization of the initial flow (flush) after workovers (well interventions), well failures and a scheduled shutdown at the Lorena station for equipment maintenance. Natural gas production declined 2.6%, due to the same factors.
In the Bahia Asset, production was 11.2 thousand boe/day, 5.1% lower than in September, consisting of 6.4 thousand bbl/day of oil and 4.8 thousand boe/day of natural gas. Oil production fell 3.3%, impacted by a failure at a high-flow well in the Tiê field and in Remanso. Natural gas production declined 7.4%, due to a scheduled shutdown for maintenance of a partner's gas treatment station, announced on October 30.
Total delivery in October was 679,818 boe, consisting of 421,382 boe of oil and 258,435 boe of gas. In September, total delivery had been 702,846 boe, and the average production was 23.5 thousand boe/day.
