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

Whale Strayed in Brazil’s Amazon Dies Before It Can Be Rescued

A Minke whale that had strayed deep into the Amazon rainforest has been found ...

Brazzil Magazine covers

After Iran Warning Obama Sends to Brazil His Number One Man for LatAm

The governments of Brazil and Bolivia reacted strongly to the US message to Latin ...

Brazzil Magazine covers

Brazil’s Agribusiness Trade to Developing Countries Picks Up

Brazil has the chance of becoming one of the greatest agriculture products suppliers to ...

Brazzil Magazine covers

Question of Faith

Despite a continuous draining of the faithful, Brazil continues to be the country with ...

Brazzil Magazine covers

Paranaguí¡ Wishes to Be Brazil’s Number 1 Meat Exporter

Paranaguá port, in the southern Brazilian state of Paraná, wants to become Brazil's leading ...

Brazzil Magazine covers

Brazil Auto Sales Grew 10% in the First Semester

In June, the Brazilian automobile industry sold 148,491 vehicles, 3.9% more than in May, ...