Brazil’s Petrobras Promises New Production Record

The president of Brazil’s Petrobras, José Eduardo Dutra, guaranteed, March 16, that in April the company will break the national record for daily petroleum production.

The current record of 1,640,509 barrels was set on March 14, 2003. According to Dutra, establishing a new record will depend upon the production of platforms P-43 and P-48.


P-43, which has been in operation since last December, has an average daily output of 20 thousand barrels and is currently producing around 70 thousand barrels/day.


P-48 began functioning this year and is currently producing 20 thousand barrels/day. By midyear, the two platforms, which are located in the Campos Basin, are, together, expected to produce 300 thousand barrels/day.


Dutra said that petroleum production in February remained stable in relation to January. Average daily petroleum production in domestic fields amounted to 1,523,654 barrels in February, 0.6% (10 thousand barrels) less than the 1,532,647 figure registered in January.


Translation: David Silberstein
Agência Brasil

Tags:

You May Also Like

Do You Want Your Own Radio in Brazil? Get Yourself a Godfather First

Community radios have existed in Brazil since the 1980s, long before they became regulated ...

Dissidence on Brazil’s Top Floor

Driven by a surge in exports, the Brazilian economy is stable and growing again, ...

Brazilian First Lady Marcela Temer and her husband - Beto Barata/PR

Brazil President Celebrates Women’s Day Reminding a Lady’s Place Is in the Kitchen and the Supermarket

Brazilian President Michel Temer delivered a speech Wednesday at his presidential palace in Brazilian ...

São Paulo, Brazil, Finds Out It’s Not Easy to Be Green

Brazilian merchant Lizete Araújo da Silva, 51, has worked for approximately ten years in ...

Brazil’s Timid Interest Rate Cut Doesn’t Please Industry or Workers

Brazil Central Bank’s Monetary Policy Committee (Copom) surprised the market at the end of ...

In Brazil, Small and Big Farmers Are All in Same Shaky Boat

Agribusiness is the driving force in Brazilian economy, answering to 33% of the Gross ...

Inflexible Were Brazil and India, Says US Corn Growers Association

The stalemate in the Doha Round negotiations stems from failure from Brazil and India ...

Brazil’s Supermarket Sales Fall 10%. Worst Results Since November 2003.

Brazilian supermarket sales were down 10.1% in March in comparison with March, 2005, according ...

Brazil’s Lula in Ecuador Pleading for Unity

Brazil President Luiz Inácio Lula da Silva was awarded the Cordon of the Ecuadorean National ...

Brazilian Roberta Pereira Aims to Introduce Latin Audiences to Broadway

Growing up in Rio, Roberta Pereira became a fan of the theater after seeing ...