Petrobras Produced 3.0 Mbbpd in August

Tuesday, September 3, 2019

Brazilian state-run oil company Petroleo Brasileiro SA produced 3.0 million barrels of oil equivalent per day (boepd) on average in August, according to a securities filing on Tuesday, up 21.6% from the same period a year ago.

Petrobras, as the company is known, said that in Brazil's coveted pre-salt area it produced 2.2 million boepd on average for the month. Total production on one unspecified day in August reached 3.1 million boepd, the firm added.

In early August, Petrobras said total production had reached 3 million boepd on July 28. The new figures indicate that the company was able to consolidate that level of production in August, though production growth was fairly modest.

Brazil's listed preferred shares in Petrobras opened down 0.4% on Tuesday, while Brazil's benchmark Bovespa equities index was roughly flat.


(Reporting by Marta Nogueira and Jake Spring; Writing by Gram Slattery Editing by Jonathan Oatis)

Categories: Deepwater FPSO Production South America Floating Production

Related Stories

US Issues License to Support Oil and Gas Exploration in Venezuela

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Longitude Unveils Compact PSV Design Aimed at Cost Efficiency

Current News

QatarEnergy Receives Offshore Exploration License From Libya

Libya Awards First Oil Blocks Since 2007 to Chevron, Eni

TGS Embarks on Multi-Client 2D Survey off Angola

Orbital Marine Grows UK and Canada Tidal Energy Orderbook to 32MW

Subscribe for OE Digital E‑News