Brazilian Oil Company Petrobras Reaches Production Record

Brazzil Magazine covers

Petrobras platform Average oil production at state-controlled multinational Petrobras' oil fields in Brazil in September reached the monthly record high of 1,897,563 barrels/day, surpassing by 12,400 barrels or 1% the volume extracted in the previous month. In comparison with the same month last year, the increase was 7.26%.

Natural gas production in Brazil rose 24% compared with the same month last year, and remained at the same level as in August 2008.

Adding up the production volumes in national fields and in the nine countries the company has production activities in oil and gas, extraction by Petrobras in September averaged 2,450,610 barrels of oil equivalent (BOE) per day.

The volume represents growth of 7.6% over September 2007, and is equivalent to the previous month. Total output (Brazil and abroad) of oil alone by Petrobras was 2,023,413 barrels/day, growth of 6.6% over the same month last year and of 0.7% over August.

In September, combined production (oil and gas in boe's) in foreign countries reached 222,909 boe/day, having remained stable in comparison with the month before.

From that total, 208,411 boe/day came from companies controlled by Petrobras, and 14,498 boe/day from associated companies. Oil production in foreign fields totaled 124,850 barrels per day, also the same level as in the previous month.

Production n the field of Agbami, in Nigeria, where Petrobras operates in partnership with other companies, started in July and, in September, it reached 8,667 barrels/day. Besides Agbami, also in Nigeria, the field of Akpo is under development.

The share of Petrobras is these two fields should reach 65,200 barrels/day. The increase in production in Nigeria made up for the decrease in output in the United States, as a result of preventive interruption of activities due to a hurricane in the Gulf of Mexico.

Anba

Tags:

You May Also Like

Brazzil Magazine covers

Brazilian Flagstone Maker Bets on the South of Brazil

Brazilian company Sistrel, a maker of flagstones and prefabricated elements, has recently inaugurated a ...

Brazzil Magazine covers

Brazil Gets National Water Plan and Vows to Start Implementing It Soon

Brazil will end the year as one of the first countries to formulate a ...

Brazzil Magazine covers

Lula’s Popularity and Interests Fall, But Brazil Stock Hits Record High

Latin America collectively moved higher on the day, with Brazilian and Mexican markets hitting ...

Brazzil Magazine covers

One Million Brazilians Have Been Displaced by Dams

March 14 was International Day of Action Against Dams and for Rivers, Water and ...

Brazzil Magazine covers

Amazon: A Record to Be Ashamed of

Producers from the south have invaded the city of Belém, state of Pará, buying ...

Brazzil Magazine covers

Under New CEO, Santander Gets Full Control of Santander Brasil

Spanish banking giant Santander under its new executive chairperson, Ana Botin, announced earlier this ...