New Wells Give Petrobras an 8.6% Oil Production Boost

Petrobras The Brazilian state-controlled oil company Petrobras recorded an average daily oil production of 1,827,392 barrels per day in the month of June, 8.6% more than the result achieved in the same month of last year, representing an increase of 145,000 barrels in the average daily production.

Compared with the month of May, average daily production has increased by 66,000 barrels.

The data were disclosed on Tuesday, July 17, by the press office at Petrobras, and indicate that the increase in production was a result of the entry in operation of the compression system at the P-34 platform, located in the Jubarte Field, in the Campos Basin in the southeastern Brazilian state of Rio de Janeiro.

The results are also due to the beginning of production in several production wells in the field of Golfinho, in the Espí­rito Santo Basin, and in the fields of Espadarte and Marlim, in the north of Rio de Janeiro.

Still according to the Petrobras press release, there has been an "increase in operational efficiency in all of the company's business units turned to exploration and production."

Brazilian natural gas production reached 43,300,000 cubic meters per day, an increase of 2.9% over the volume recorded in May this year, which was 41,800,000 cubic meters per day.

The combined production of oil and natural gas in Brazil in the month of June reached a daily average of 2,097,872 barrels of oil equivalent, a result 6.9% higher than recorded in June 2006, and 3.6% higher than recorded in the previous month.

If production in fields in foreign countries is considered, then the total production volume of the company has reached an average of 2,342,928 barrels of oil equivalent per day, which according to the Petrobras is 6.3% more than the production volume achieved in the same month of last year.

ABr

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Your email address will not be published.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

LETTERS

By Reform projects have been tabled several times, calling for district voting, optional voting ...

New US Ambassador to Brazil Is Bush Fundraiser Who Served in the Netherlands

Ambassador Clifford M. Sobel will serve as the next Ambassador of the United States ...

Brazil and U.S. Agree to Disagree on Venezuela

The American Secretary of State, Condoleezza Rice, affirmed yesterday that the United States will ...

Where the Sun Never Sets

The Northeast is a land of contrasts: the very rich and the very poor, ...

Brazil President Promises FIFA There Will Be Beer at the Cup. But Congress Isn’t So Sure

Joseph Blatter, the head of FIFA, after meeting with Brazilian president Dilma Rousseff, the ...

Brazil Wants South African Drones to Protect Its Oil and Borders

During Brazilian president Luiz Inácio Lula da Silva’s recent trip to several African countries ...

High Confidence: Half of Brazilian Companies Expanding in Next Two Months

The Industrial Confidence Index (ICI) remained high and reached in December its second highest ...

Brazil Loosens Its Grip on Airports and Ports Privatizing and Leasing Facilities

The Brazilian government is expecting to raise US$ 1.3 billion with the leasing of ...

Brazil Says Solution for Global Crisis Is Free Trade and Competition

Luiz Inácio Lula da Silva, the president of Brazil, is urging leading economies to ...

Agreement Promotes Mutual Cultural Understanding Between Arabs and Brazilians

A memorandum of cooperation to promote and disclose cultural activities about the Arab world ...