Exports Help Brazil’s Petrobras Reach New Record High

Petrobras, the state-controlled Brazilian oil company, hit a record high oil processing level in the country's refineries last year, it was just announced.

A total of 1.784 million barrels per day were processed nationwide in Petrobras refineries in 2006, a 1.5% increase over the amount processed in 2005, which was 1.758 million barrels.

The performance, according to information disclosed by Petrobras, was the result of operational reliability in the production units, and of supply chain management, ranging from raw material flow to the delivery of oil derivatives to customers.

Other contributing factors were the full utilization of the oil conversion units, the development of new markets and export products.

According to the company, the result was achieved while observing the principles of safety, environment and health. The company is making a series of investments in Brazil and abroad. Domestic investments will range from the prospection to the refining of oil.

The company is currently in the final stages of installing its P-54 platform, which should be completed in March this year. According to the Petrobras press office, the P-54 required US$ 900 million in investments.

The platform is one of the world's largest in the floating production, storage and offloading (FPSO) category. It will have capacity for producing 180,000 oil barrels and compressing six million cubic meters of natural gas per day.

The P-54 will be installed in the Roncador field, in Campos Basin, Rio de Janeiro, and will be connected, at 1,400 meter depth, to 21 offshore wells – 13 for oil and gas production, and eight for water injection.

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Pride and Prejudice

From the late 1950s on, bossa nova’s success didn’t spread out by chance or ...

Brazilian Industry Blames High Interests for Slow Growth

Moderate industrial sector growth in the second half is what Brazil can expect, says ...

Hotel Sector Creates 300,000 Jobs a Year in Brazil

The hotel sector possesses one of the greatest potentials for job creation in Brazil ...

Child Labor Still Serious Problem in Rural Brazil

The number of school-age children and adolescents who work has been in decline in ...

Agriculture Represents 36% of All Brazilian Exports

2008 was excellent for Brazil in foreign trade of agribusiness products. Sector exports reached ...

Over 60% of Mercosur’s Workers Have Only Informal Job

Ten years after the creation of the Mercosur, the thousands of workers who traverse ...

Tired of Being Emerging Power Brazil Will Go Over the Speed Limit, Vows Lula

Re-elected Brazilian President Luiz Inácio Lula da Silva announced his second term will be ...

Brazilian cachaça Pitú

New Distributor Vows to Make Brazil’s Cachaça Pitíº Popular in the US

Pitú, a popular cachaça brand in Brazil, should soon have widespread distribution in the ...

Rust Hits US While Brazil Becomes Top Soy Exporter

The Brazilian government says it expects a record soybean harvest this year. Brazil recently ...

Family Farms in Brazil Represent 38% of the National Agricultural Production

Brazil’s National Program to Strengthen Family Farming (Pronaf) is expected to benefit approximately 2 ...