Petrobras O&G Production in May Up 1.9 Pct (Brazil)

Petrobras announces that its average domestic and foreign oil and natural gas output in May was 2,601,223 barrels of oil equivalent per day (boed), up 1.9% on the figure for April.

Fields in Brazil produced an average 2,350,476 boed, a rise of 2% on the previous month’s output. Foreign output stood at 250,747 boed, an increase of 1.7% on April.

Domestic output included 1,989,210 barrels/day of oil, up 1.4% on oil output in April. This increase is primarily due to the return to operation of platforms under maintenance during April and start-up of an additional production well connected to FPSO Cidade de Angra dos Reis, in the Santos Basin pre-salt Lula Field.

In May, natural gas output rose to 57,437,000 m3/day, an increase of 4.9% on the 54,748,000 m3/day produced in April. Average foreign oil output in May reached 149,740 boed and was practically stable. Foreign natural gas output reached 17,161,000 m3/day, up 4.4% on the figure for April. This increase in natural gas output was due to higher demand for Bolivian gas.

[mappress]
Press Release, June 28, 2012