New and Old Wells Get Brazil Record Oil Production Boost

Brazzil Magazine covers

Petrobras's Manati field in Bahia, northeastern Brazil Petrobras, Brazil's government-controlled oil and gas corporation, set a new monthly oil production record in Brazil in June: 1,867,000 barrels per day (bpd). This was 12,600 bpd higher than the previous record from last December with 1,855,000 bpd.

According to a release from Petrobras the new record is 4.2% higher than last year's average production, 1,792,000 bpd, and 0.7% over the previous month's average 1,854,000 bpd.

The greater volume of production was achieved from new wells going in line interconnected to platforms P-52 and P-54 – installed in the Roncador field, in the Campos Basin – and to the Piranema platform, in the sea of Sergipe. Other wells also began production in the Albacora, Albacora Leste, and Marlim fields, in the Campos Basin.

Petrobras also points out that there was a good performance in fields located in mature areas to the north and northeast of Brazil and in the state of Espí­rito Santo, in southeastern Brazil. In spite of declining production in the past, these fields have reached significant operating upturns thanks to "revitalization efforts", reported Petrobras.

Petrobras also managed a good performance in natural gas production during the second quarter which soared to a daily supply of 32.4 million cubic meters, from 23.8 million cubic meters a year ago representing a 36% increase.

Gas production was boosted with significant volumes from the Manati, Bahia, field and anticipated gas pumping from Peroá, in Espí­rito Santo. Another highlight was the gas utilization anticipation at platforms P-52 and P-54, in the Roncador field, Campos Basin.

Mercopress

Tags:

You May Also Like

Brazzil Magazine covers

A Brazilian Festival Turns the Lowly Bar into Gourmet Heaven

So what do you get when you hold a month-long bar food festival in ...

Brazzil Magazine covers

Renewable Sources Account for Close to Half of Brazil’s Energy Supply

The share of renewable sources in domestic energy supplies rose to 44.5% in 2005, ...

Brazzil Magazine covers

Despite Doom Predictions Brazil’s Trade Balance Grows 4.2%

Exports from Brazil totaled US$ 3.114 billion in the first week of October, which ...

Brazzil Magazine covers

Brazil to Grow 3.1% This Year, Say Financial Analysts

Brazil’s Central Bank financial market analysts have maintained at 3.1% the estimated growth this ...

Brazzil Magazine covers

A Silver Lining for Brazil’s Agriculture: the Stronger Dollar

Agribusiness in Brazil has already been affected by the economic crisis, but at a ...

Brazzil Magazine covers

Land Concentration Is Bad for Brazilian Economy

Land concentration in the hands of a few property owners produces not only social ...