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:

You May Also Like

Lloyds Bank

Brits Turn Their Backs on Brazil

When Lloyds Bank decided to sell off its Brazilian operations in 2003 it was ...

Brazil Says Man Accused of Being Pay-Off Scheme Moneyman Was Never Lula’s Consultant

The office of Brazil’s Presidency has released a note denying that adman/businessman Marco Valério ...

Brazilian Farmers to Use More Co-ops to Win the World

Establishing consortia with the objective of expanding existing markets and conquering new ones is ...

Brazil “Midgets” Don’t Have Same Rights, Electoral Court Rules

Brazil’s Federal Election Commission (Tribunal Superior Eleitoral – TSE) has ruled that a so-called ...

Mercosur Viable Only If Brazil and Argentina Recover, Says Kirchner

Mercosur has “deep asymmetries” and until they are not solved, “the regional block will ...

Brazil’s Key Interest Rate Drops 0.50%. Still High at 15.75%.

Brazil’s Monetary Policy Committee (Copom) announced yesterday, May 31, that it had unanimously decided ...

Brazil Is Buzzing With Good News!

Brazilians grew up hearing that Brazil was the country of the future. During hard ...

Africa Wants to Share Money Brazil Will Get from US for Subsidizing Cotton

A ruling by the World Trade Organization (WTO) dispute panel allowing Brazil to retaliate ...

In Brazil, a Loan Program for Female Farmers

Brazil’s federal government will distribute US$ 376 million (1 billion reais) in the 2004-2005 ...

Writer’s Guidelines

Your Article and Photo BRAZZIL is always open to new articles. We are interested ...