Oil and Gas Production Down in Brazil

Petrobras, Brazil’s state-run oil company, reports that its production of petroleum and gas in Brazil and abroad was an average 2,041,753 barrels per day in August. That is down slightly, 0.8%, compared to July, and down 2.3%, compared to August 2003.

Domestic production was an average 1,778,778 barrels per day, down 0.7%, compared to July, and down 3.3%, compared to August 2003.

Foreign production (Petrobras operates in eight countries) was an average 262,975 barrels per day, down 1.5%, compared to July, but up 5%, compared to August 2003.

According to Petrobras, the drop in domestic production was due to the closing of a well which halted production (10,100 barrels per day) on July 31. The well, located in the Marlim Sul field, off the coast of the state of Rio de Janeiro, will return to operation at the beginning of November.


Less than one month ago, the executive manager of Exploration and Production at Petrobras – Petróleo Brasileiro, Francisco Nepomuceno, said the company would continue to increase production until the end of 2005, when production should reach 1.85 million barrels per day.


And in 2006, with a further increase to 2.2 million barrels per day, Brazil would be self-sufficient.

Nepomuceno also said that with the arrival of the P-43 platform in December in the Barracuda-Caratinga field in Campos, there would be a spike in production.


“We have the infrastructure to handle 1.85 million barrels per day by the end of next year,” he declared.

This year production is running at an average 1.56 million barrels per day, but should rise to 1.64 million barrels per day by this December.

Agência Brasil

Tags:

Ads

You May Also Like

Brazilian Minister Gets UN Award for Reducing Deforestation by 50%

The Brazilian minister for the Environment, Marina Silva, is among the seven winners of ...

Rain and Low Performance Hinder Brazil’s Ability to Offer Ethanol and Sugar

After promoting 3.5% expansion of offer of sugar and ethanol this year, Datagro, a ...

The Rich Want Brazil and the Rest of the Poor in Debt

Less developed countries’ external “debt” impedes their economic development and attempts to reduce poverty. ...

Cigarette Kills 200,000 Brazilians a Year

The World Health Organization (WHO) regards smoking as a global health problem and the ...

For Brazil Non-Custodial Sentences Make Big Sense

It has become customary in Brazil for most people who commit small crimes to ...

Industry Production in Brazil Falls Two Months in a Row

Unexpectedly, Brazil’s industrial output fell for a second straight month in December. Output in ...

Brazil Approves Tobacco Control After Tobacco Growers Are Assured Protection

The ratification of the Framework Convention on the Control of Tobacco Use was approved ...

Brazil President’s Fight Against Corruption Angers Government Allies

The president of Brazil, Dilma Rousseff, reached out to political allies to stem a ...

Bureaucracy Is Hurting Brazil Coffee Overseas

Brazilian coffee producers’ exports revenues increased by 26.6% in the first eight months of ...

Brazil Present in Germany at World’s Largest Organic Fair

Twenty-seven Brazilian companies will be participating in the Biofach organic product fair, to take ...