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

New Plan to Make Brazil Grow Will Only Help Those Already Grown

Brazil’s just-announced Growth Acceleration Program is a plan for the elites, aiming at their ...

Brazzil Magazine covers

Money Changer Says Brazil’s Ruling PT Had International Money Laundering Scheme

Brazilian money changer, Antônio Oliveira Claramunt, aka Toninho da Barcelona (Little Tony from Barcelona, ...

Brazzil Magazine covers

Brazil Has a Plan to Cut Deforestation by 70% in a Decade

The Brazilian government has just announced a plan to cut destruction of its Amazon ...

Brazzil Magazine covers

Brazil Groans Against Threat of Losing US’s Preferential Treatment

Brazil’s Minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, criticized news from ...

Brazzil Magazine covers

Good Weather Brings Brazil Super Soy, Corn and Cotton Crops

Brazil's National Food Supply Company (Conab) has just disclosed the seventh survey for the ...

Brazzil Magazine covers

Brazil Threatens Ecuador with Reprisal After It Refuses to Repay Loan

The Brazilian government has recalled to Brazil capital BrasÀ­lia its ambassador from Ecuador over ...