Brazil’s Petrobras Reaches Record and Nears 2 Million Barrels a Day

Brazzil Magazine covers

Brazil’s oil company Petrobras reached the record production of 1,912,733 barrels of oil in Brazil on Monday, October 23. The record improved 30.000 barrels on its previous record of 1,882,000 barrels achieved last May.

The record was built mainly from sustained onshore field production and from the going on line of three new wells, interconnected to the P-50 platform in the Albacora Leste, in the Campos Basin. The P-50 rig production has already reached 150,000 bpd.

Meanwhile, the connection of four other wells to the same platform is nearing completion. When they begin pumping in the next few weeks, the P-50’s production is expected to top its maximum capacity, programmed at 180,000 barrels a day.

The new record is considered by Petrobras a "decisive step" towards the goal of a daily production of two million barrels, which is forecasted for the end of the year.

By then two more rigs are schedule to go online in the Campos Basin: P-34, in the Jubarte field, which will occur in November, with a potential of 60.000 bpd and the Cidade do Rio de Janeiro FPSO, in the Espadarte field, slated for December, capable of producing up to 100,000 barrels per day

Mercopress

Tags:

You May Also Like

Brazzil Magazine covers

Spare Me the S

The hastily-assembled Frente Parlamentar Nacionalista (Nationalist Parliamentary Front) made up by 132 congressmen of ...

Brazzil Magazine covers

A Full Day of Ceremonies for Lula in the North of Brazil

Brazilian President Luiz Inácio Lula da Silva will spend the day in the state ...

Brazzil Magazine covers

GM Is Turning Brazil into Biofuel Car World Leader

General Motors, in spite of its misfortune or long standing mismanagement in the US, ...

Brazzil Magazine covers

Brazil Has 228,000 College Professors. 48% Work in the Southeast.

Brazil has 228,319 university professors. 22.7% (52,376) have doctoral degrees or higher, 35% (80,787) ...

Brazzil Magazine covers

Green Movement Grows in Brazil a New Crop of Alternative Fertilizers

In the interior of Brazil, in rural properties, the manure of animals in paddocks, ...

Brazzil Magazine covers

Brazilian Congress Once Again Snubs Venezuela’s Chavez

The opposition in the Brazilian Congress once again delayed on Wednesday, February 4, the ...