Brazil’s Petrobras Sets New Record in Oil Production

In an official note issued on Friday, May 26, Brazilian state-onwed oil company Petrobras announced a new daily petroleum production record, amounting to 1,870,761 barrels, around 13 thousand barrels more than the previous record of 1,857,425, set on December 19, 2005.

This is the first daily production record achieved by the company this year. The new record surpasses the most recent average monthly production record of 1.795 million barrels per day, set in April of this year.

It is also 6.2% higher than this year’s average, through April, of 1.762 million barrels per day and 11% higher than last year’s average of 1.684 million barrels per day.

According to the note, the new record is the result of the "growing recovery of fields located in mature areas in the North and Northeast regions and the outstanding operational performance of the platforms in the Campos Basin, particularly the recently installed P-50 platform, which operates in the East Albacore field and contributed 75 thousand barrels to this result."

ABr

Tags:

You May Also Like

Brazilian Press: Bring Back the Journalists!

The media, taken as industry or institution, finds itself paralyzed. Its reactions are counterproductive ...

Brazil and Egypt Don’t Know Each Other

To consolidate trade between Egypt and Brazil it is necessary to find equilibrium in ...

Brazil Still Not Positive about Size of New Found Oilfield

Brazil's government controlled oil multinational Petrobras said late Monday, April 14, that more conclusive ...

Brazil, Clean Your Own Mess, Hint British

British radio presenter Carolyn Quinn interviewed Tim Cahill from Amnesty International at her Today ...

For Greenpeace, Brazil Is Serious About Ending Illegal Logging in the Amazon

The Brazilian Federal Police carried out a full-size operation in Mato Grosso which resulted ...

Favela kid in Brazil

Slavery Will Only End in Brazil When Condo and Favela Kids Go to Same Schools

On March 25, 1884, the state of Ceará began its Abolition of Slavery, which ...

Crisis Spells Success Overseas for Brazil Fashion Industry

A program for the generation of export incentives known as Texbrasil, developed by the ...

Humberto de Campos: An Old Brazilian Poet Gets New Life in Print

The third edition of "In the shade of the date trees: oriental tales" (À€ ...

Brazil Brings to US Expo the Cutting Edge on ATMs

Itautec, one of Brazil’s largest high-tech manufacturers, will be taking part in the 28th ...

Brazil’s Thor Has 20 Mines to Supply Overseas Marble Market

Brazilian company Thor Granitos main aim for 2009 is to guarantee the maintenance of ...