Oil and Gas Production Up 12% in Brazil

Brazzil Magazine covers

In January of this year, Petrobras produced an average of 1,750,529 barrels daily in Brazil, nearly the same as in December, 2005. The company’s average daily domestic production of natural gas was 41,826,000 cubic meters, 1.5% less than in December.

Together, domestic petroleum and natural gas production rose 11.8% in January in comparison with January, 2005, for a daily average of 2.01 million barrels of oil equivalent (BOE). According to a note released by Petrobras, if the comparison were with December, 2005, production was "practically identical."

The total volume produced by the entire Petrobras system last month, including petroleum and gas production abroad, amounted to 2.26 million BOE per day, 9.9% more than in January, 2005. This brings production to the same level as in December, 2005.

The company’s overall average daily production of petroleum and gas abroad was 252.3 thousand BOE, 1.9% more than in December, 2005, mainly as a result of the increase in gas production in Argentina.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Brazil’s Market Loss: 20% This Week, 28% This Month, 44% This Year

After a rocky morning that sent stocks tumbling down over the 10% mark, which ...

Brazzil Magazine covers

Pride and Prejudice

From the late 1950s on, bossa nova’s success didn’t spread out by chance or ...

Brazzil Magazine covers

Led by Industry Brazil’s GDP Grows 5.3% This Year

Brazil's Gross Domestic Product (GDP), i.e. the sum of all goods and services produced ...

Brazzil Magazine covers

Favela Kids in Brazil Get 50 Sports Centers

Brazil’s Minister of Sports, Agnelo Queiroz, on Friday, February 3, inaugurated 50 more Segundo ...

Brazzil Magazine covers

IMF Revises Forecast and Says Brazil in 2010 Will Grow Over 3.5%

The director of the Western Hemisphere Department at the IMF, Nicolas Eyzaguirre told reporters, ...

Brazzil Magazine covers

Brazil Urged to Make Crimes Against Journalists Federal Offenses

The IAPA (Inter American Press Association) called on Brazil’s president, Luiz Inácio Lula da ...