Production Increase
PetroTal produced over 4.5 million barrels in 2025, a 17% increase over the same period last year.
Operational Resilience
Despite a lack of drilling activity, Bretaña field continues to perform well. Production at Bretaña is currently around 8,500 barrels per day.
Financial Stability
PetroTal remains well-capitalized with $142 million of cash on hand as of June 30, with available cash reserves essentially unchanged from the prior quarter and up $15 million compared to the same period last year.
Cost Management
Despite lower oil prices, PetroTal managed to report an adjusted EBITDA netback of over $23 per barrel and free cash flow of more than $27 million.
River Levels Favorable for Exports
River levels in the Amazon Basin are tracking higher than normal, potentially allowing full exports throughout the dry season.