Brazil’s Petrobras Sets New Record in Oil Production

Brazzil Magazine covers

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

Brazzil Magazine covers

20/20: 20% of Brazilians Have Diabetes and 20% Have High Cholesterol

According to the Brazilian Society of Cardiology (SBC), diabetes is one of the most ...

Brazzil Magazine covers

By the Book

Fearless in his cultural pursuit, this intellectual dared to publish Karl Marx in the ...

Brazzil Magazine covers

US Flight Safety Foundation Urges Brazilian Police to Keep Off the Boeing’s Inquiry

The American NGO Flight Safety Foundation has released a note in which it calls ...

Brazzil Magazine covers

In Brazilian Democracy Law Forbids Making Fun of Electoral Candidates

In Brazil, a never-revoked election law from the era of the Brazilian military dictatorship ...

Brazzil Magazine covers

Brazil’s Coffee Harvest Grows 27%

Brazil's coffee crop this year is going to total 46 million 60-kilogram bags of ...