Brazil’s Oil Production Abroad Grows 8%

Brazzil Magazine covers

Petrobras in the Gulf of Mexico Petrobras, Brazilian state-controlled oil multinational, had average international oil and gas production of 218,117 barrels of oil equivalent a day in the month of June. This information was disclosed by the company on July 15.

According to Petrobras, there was an 8.1% increase over the previous month. Of the total produced abroad, 204,171 barrels come from companies controlled by Petrobras and 13,946 barrels were produced by partner companies.

When added to the volume extracted in national fields, total Petrobras production in June was record, reaching 2,421,155 barrels of oil equivalent, 3.3% greater than that of June 2007 and 2.3% greater than in the last month of May.

There was also a monthly record in the production of oil in national fields in June, 1,867,336 barrels a day, 4.2% greater than the average in 2007. Petrobras production of natural gas in Brazil and abroad was 70.517 million cubic meters a day, 12.1% over the same month in 2007 and 8.9% over May 2008.

Natural gas production in Brazil was 53.372 million cubic meters per day in June, up 24.1% over the same month last year and 7.7% over May of the current year, when production reached 49.554 cubic meters.

More Oil

Petrobras has notified the National Petroleum, Natural Gas and Biofuel Agency (ANP) about the discovery of a new high-quality oil producing area in the Basin of Espí­rito Santo (Southeast Brazil).

According to the oil giant, the discovery was made within the area of the Golfinho field, 60 kilometers away from state capital Vitória, at a depth of 1,374 meters.

"Initial estimates point to a potential of 150 million barrels of recoverable oil," the company stated in the release.

To the state-owned company, the finding "opens up new vistas with regard to exploration in the area, and has the advantage of being located near the infrastructure already installed at the Golfinho Field." The company believes that the new area may become operational soon.

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Issues Half a Billion Dollars in Bonds in US and EU

The issuing of Global bonds in the European and United States market, announced this ...

Brazzil Magazine covers

With US$ 1 Billion Budget 190,000 Census Takers Start Knocking on Doors in Brazil

It was 3 pm on Sunday when Brazilian census takers arrived at the home ...

Brazzil Magazine covers

A Brazilian Tick Can Be the Cure for Skin and Brain Cancer

Brazilian researchers from Rio de Janeiro's Federal University's (UFRJ) Haemostasis and Poisons Laboratory found ...

Brazzil Magazine covers

Brazil Adopts New Friendlier Rules for Biodiversity Studies

The Brazilian government has announced a new system that will issue licenses to collect ...

Brazzil Magazine covers

Concession of Highways and Railroads Is No Privatization, Says Brazil President

Brazilian president Dilma Rousseff and Finance minister, Guido Mantega, both denied that the announced ...

Brazzil Magazine covers

Troubling Waters

The Brazilian electricity crisis has shown that the lack of water in the Northeast ...