Oil Production Down in Brazil

Data announced by Petrobras show that average daily production of petroleum and natural gas in Brazil and abroad totaled 2,063,707 barrels of oil equivalent (BOE) in October, 0.5% less than in September and 1.1% less than in October, 2003.

When only domestic fields are considered, daily oil and gas production averaged 1,794,962 BOE. In this case, the result was 0.8%¨less than in September and nearly the same as in October, 2003.


Daily petroleum production in domestic fields came to 1,526,824 barrels, 0.8% less than in September and 0.4% less than in October, 2003.


Daily natural gas production in domestic fields averaged 42.6 million cubic meters, 0.3% less than September’s figure.


Daily international oil and natural gas production in the eight countries in which Petrobras operates came to 268,745 BOE, 0.9% more than in September but 8.1% less than in October, 2003.


The October activity of Petrobras was a replay of August when production of petroleum and gas in Brazil and abroad was an average 2,041,753 barrels per day. That was down slightly, 0.8%, compared to July, and down 2.3%, compared to August 2003.


Domestic production in August was an average 1,778,778 barrels per day, down 0.7%, compared to July, and down 3.3%, compared to August 2003.


In August, foreign production (Petrobras operates in eight countries) was an average 262,975 barrels per day, down 1.5%, compared to July, but up 5%, compared to August 2003.


According to Petrobras, the drop in domestic production was due to the closing of a well which halted production (10,100 barrels per day) on July 31.


The well, located in the Marlim Sul field, off the coast of the state of Rio de Janeiro, was scheduled to return to operation at the beginning of November.


Agência Brasil

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