By Brazil Stock Guide – Brava Energia (B3: BRAV3) posted its highest-ever production in the third quarter of 2025, with average daily output of 91.8 thousand barrels of oil equivalent (boe/d). The result was 7% higher than the previous quarter, marking new records in both onshore and offshore operations.
Oil output reached 73.4k bpd, driven by the Atlanta field at 28.7k bpd and Parque das Conchas at 6.9k bpd. Natural gas production totaled 18.4k boe/d, supported by Recôncavo and the Peroá–Manati–Pescada cluster. Total oil sales came to 6.3 million barrels in the quarter, compared with 5.1 million barrels in 1Q25.
The company said it began in August an operational adjustment and commissioning stage at the FPSO Atlanta, scheduled for completion in October. The works do not require production shutdowns and aim to support higher output in the fourth quarter.
Maintenance May Temper 4Q Growth
Brava highlighted that production at Papa-Terra will be halted for up to 12 days in November for scheduled maintenance. Parque das Conchas, operated by Shell, is also expected to stop for up to 21 days in the same month.