• Categories
  • Archives

Brazil Pipeline to Add 80,000 Barrels of Oil a Day

Within three years, Brazil’s petroleum production should gain a reinforcement of 80 thousand barrels per day, according to information provided December 28 by the president of the Maritime Petroleum and Engineering Company, Gerson Efromovich.

Efromovich said that the increase in petroleum production will correspond to the results of the construction of a gas pipeline in Colombia to transfer the production of new wells in Alagoas, Bahia, and Rio Grande do Norte, in addition to an oil field in Colombia.


The new gas pipeline will be 2,500 kilometers long and will require investments of US$ 700 million, in a partnership between the Brazilian company and a group from the United States.


New Oil Rigs


Petrobras has announced in October that it will soon place two new oil rigs into operation, increasing the state company’s production by 15%.


The first rig, the P-34, is already on its way to the Campos Basin oil field where it will be installed 182 kilometers off the coast of the state of Rio de Janeiro.


The ocean depth at that point is 800 meters. The rig should reach production capacity of 150,000 barrels per day by mid 2005.


The second rig, the P-48, was built at the Brasfeld shipyard in Angra dos Reis, state of Rio de Janeiro. It also has a production capacity of 150,000 barrels per day and will begin operation in January.


The two new rigs will mean that Brazil should be self-sufficient in petroleum in 2005. Petrobras says it intends to raise production by 5.9% annually between now and the year 2010.


Translation: David Silberstein
Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    Osvaldo Coelho
    Colombia? Needs correction.

    Ossy Coelho

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Uses Satellite to Track Amazon Deforestation

Brazil’s National Environment Protection Agency (Ibama) announced measures to control lumbering activities in Brazil, ...

Brazil’s Lula Excited With Addition of Biofuel to Diesel

With the production of H-Bio, consumers may be able to pay less for diesel ...

Fearful of Losing Brazil Government Postpones Senate Vote on Venezuela

The Brazilian senate announced late tonight that by agreement between the leaders of government ...

Brazil Ponders an Agribusiness Overhaul to Face Global Crisis

How the global agricultural crisis will impact agriculture should be the theme of a ...

Brazilian President Lula with Bush in Camp David

After Meeting Bush, Brazil’s Lula Says He’s Going Back Home Empty Handed

Brazil and the United States invited El Salvador to become the "pilot" country for ...

After Spill Brazil Justice Orders Chevron’s Executives to Turn in Their Passports

Executives from oil companies Chevron and Transocean are barred by the Brazilian Justice from ...

Brazil Makes It Easier to Buy in Paraguay

At a meeting on Friday, April 1st, the Brazilian and Paraguayan governments decided on ...

Stronger Ties

"This is an exhilarating time in the Brazil-U.S. relationship: a time of change, a ...

Brazil Blames the US and EU for Brazilian Desertification

Brazilian Gilberto Câmera,  the director of Brazil’s National Space Research Institute (Inpe), says that ...

Brazil’s Stagnant Revolution

The Left born in the São Paulo ABC assumed Brazil’s presidency with a project ...