Brazil’s Oil Production Abroad Grows 8%

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

Dollar Fall Will Not Deter Growth, Says Brazil

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, reiterated that exports ...

Brazil’s Petrobras Invests US$ 16 Bi Seeking Self-Sufficiency in Gas

Brazilian oil giant Petrobras intends to invest US$ 16 billion in the gas sector ...

43% of Brazil’s GDP Represented in Business Gathering in Portugal

Telecom, a telecommunication company from Portugal with a big presence in Brazil, is organizing ...

Brazilian President Luiz Inácio Lula da Silva gets reelected

58 Million of Brazilian Voters (61%) Give Lula Four More Years

As foretold by the surveys all along the second round campaign Luiz Inácio Lula ...

Lula Calls Lunacy Ex-Ally’s Charges that He Tried to Rape Youngster in Jail

The president of Brazil, Luiz Inácio Lula da Silva, is according to his cabinet ...

Brazil Guarantees: Growth Will Be Over 4% in 2004

Brazilian economic growth this year is guaranteed and will be over 4%, said minister ...

Brazil Wants to Lower Number of Blank and Annulled Votes

The president of Brazil’s Federal Election Board (Tribunal Superior Eleitoral) (TSE), Marco Aurélio de ...

Brazil’s Plan to Guarantee 4% Growth in 2009

Brazil announced a series of measures to stimulate the economy and try to strengthen ...

Serving More Cups of Brazilian Mate Tea Overseas

Based in the city of Cascavel, in the western region of the state of ...

Brazilian Jobs Grow 3%, But for 12th in a Row GDP Projection Goes Down, to 0.79%

In 2013, 1.49 million job openings were created in Brazil. In 2012, 1.15 million ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`