Petrobras O&G Production in May Up 1.9 Pct (Brazil)
- Business & Finance
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.
Press Release, June 28, 2012