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

Movelsul: Brazil’s Last Word in Furniture Design

Brazilian furniture makers have been investing in machinery, design, human resources and management for ...

Brazzil Magazine covers

Brazilians Betting China’s Growth Will Help Brazil

Brazilian exports will be favored by the increase in prices of some of the ...

Brazzil Magazine covers

Oil: Brazil Wants US$ 200 Million from Bolivia and Threatens Going to Court

Bolivia's government-owned energy company YPFB took control on Wednesday, May 02, of the country's ...

Brazzil Magazine covers

Brazil Confident Bolivia Will Give In. Country Has No Other Market for Its Gas

The head of Brazil’s General Secretariat of the Presidency, Luiz Dulci, repeated what Brazilian President ...

Brazzil Magazine covers

Stage Struck

Brazilian theater started to flourish in the ’30s with the production of texts by ...

Brazzil Magazine covers

Ten Brazilian Entrepreneurs Get Knowledge Medal

Brazil’s 2005 Knowledge Medal (Medalha do Conhecimento), was awarded to ten businessmen by Brazilian ...