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:

You May Also Like

Merck's anti-AIDS drug Stocrin (Efivarenz)

Brazil Threatens to Break More Drugs Patents If Prices Don’t Go Down

Right after signing the decree breaking the patent of Merck's anti-AIDS drug Efavirenz, Brazilian ...

Por aí

Brazilian heartbreaker First this 27-year-old beauty was chosen to host the TV show “Billboard ...

CFIF Wants U.S. to Stop Brazil from ‘Stealing US Patents’

While the U.S. Trade Representative’s Office this week announced a new initiative to end ...

Dilma 48%, Serra 41%, Say Polls at Start of Second Round Race

Despite the glaring mistakes during the first round, Brazilians keep an eye on the ...

80,000 Homes Not Built in Brazil Due to Red Tape

With its biggest budget in 15 years, Brazil’s Housing secretariat at the Ministry of ...

Brazil: US Firm Acquires Jockey Clubs’ Broadcast Signals

Carnegie Cooke and Co., Inc. announced the acquisition of the domestic racing broadcast signal ...

In Brazil, the white foe is black himself

Brazilians are far more dishonest about race than Americans. The “whites” who are the ...

Brazil’s Chancellor in Europe to Discuss US and EU Subsidies

This week the Brazilian Minister of Foreign Relations, Celso Amorim, will visit England and ...

Brazil Tries to Curb Informality in Mining Sector

Brazilians feel that the participation of small miners is indispensable to Brazil’s economy. This ...

Health Plan Costs Become a Burden for Brazilian Elderly

A recent survey by Brazil’s Getúlio Vargas Foundation (FGV) has found that health plan ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`