Petrobras Production Falls 1.4% in January

Brazil's federal energy company Petrobras produced 1.98 million barrels of oil equivalent a day (mboe/d) in January 2004, 1.9% less than in January 2003 and 1.4% less than in December 2003, the company said in a statement Friday.

Domestic production of 1.73mboe/d was 1.3% down on December because of programmed stoppages on the P-40 platform in the Marlim Sul field as well as on four wells in the Marlim and Voador fields. Domestic crude production was 1.47mb/d in January, 1.7% less than December. Offshore production accounted for 1.22mb/d and onshore 250,000b/d. Domestic gas production was 40.8 million cubic meters a day (mcm/d), of which 21.3mcm/d was produced offshore and 19.5mcm/d onshore. Foreign crude production totaled 165,000b/d, of which 153,000b/d was from onshore wells and the rest offshore.

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Brent Crude Oil : $49.71/BBL 1.50%
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