Brazil’s Petrobras Sets New Record in Oil Production

In an official note issued on Friday, May 26, Brazilian state-onwed oil company Petrobras announced a new daily petroleum production record, amounting to 1,870,761 barrels, around 13 thousand barrels more than the previous record of 1,857,425, set on December 19, 2005.

This is the first daily production record achieved by the company this year. The new record surpasses the most recent average monthly production record of 1.795 million barrels per day, set in April of this year.

It is also 6.2% higher than this year’s average, through April, of 1.762 million barrels per day and 11% higher than last year’s average of 1.684 million barrels per day.

According to the note, the new record is the result of the "growing recovery of fields located in mature areas in the North and Northeast regions and the outstanding operational performance of the platforms in the Campos Basin, particularly the recently installed P-50 platform, which operates in the East Albacore field and contributed 75 thousand barrels to this result."

ABr

Tags:

You May Also Like

Brazilian Sound, Well Beyond Bossa Nova

Brazil is a country rich in music, and there are various different rhythms that ...

Brazil’s Road Equipment Maker Gets Joint Venture in Egypt

Brazilian company Randon, a road equipment maker, has just established a joint venture with ...

The Love Visa

Are you thinking about bringing your beloved from Brazil? Chance meetings through the Internet ...

Brazil Getting Ready to Make Stronger and Cheaper Concrete with Bagasse

Last week a team of Brazilian researchers from the University of São Carlos revealed ...

Brazil’s Lula Races Ahead, But Alckmin Says He Will Keep the Mike Tyson Style

Geraldo Alckmin, the opposition candidate running against President Luiz Inácio Lula da Silva in ...

Economy Must Produce Well Being, Says Brazil’s Lula in Paris

President Luiz Inácio Lula da Silva declared that he would like to see the ...

Brazil Cabinet: The Fall of a Dreamer and a Doer

Following his resignation, Brazil’s former Education Minister Cristovam Buarque, claimed he had been isolated ...

Brazil Says Amazon Deforestation Reached 20 Year Low

The president of Brazil, Luiz Inácio Lula da Silva, announced that deforestation rates in ...

Brazil Creates World’s Third Largest Bourse, the US$ 20 Billion BM&F Bovespa

Cade (Administrative Council for Economic Defense), the Brazilian antitrust authority, approved the merger between ...

Who Killed Jean Charles? Brazil Wants London to Answer.

The director of the Foreign Ministry’s Department of Brazilian Communities Abroad, Manoel Gomes Pereira, ...