Brazil's Petrobras Total Oct Output Rises 2.9% On Yr to 2.61 Mln BOE

Brazilian state-controlled oil and gas producer Petroleo Brasileiro SA, or Petrobras, produced a total of 2.61 million barrels of oil equivalent a day in its fields in Brazil and abroad in October, 2.9% higher than in the same month in 2010, the company said in a statement Friday.

The company's oil and gas output in Brazil reached a daily average of 2.36 million barrels of oil equivalent a day, up 3.3% on a year earlier, it said. Output remained stable from September's levels due to a maintenance stop at its P-35 rig, it said.

Petrobras' oil production in Brazil rose 3.2% from a year earlier to 2 million barrels a day while its natural gas output in Brazil in October rose 3.8% to 56.9 million cubic meters a day.

The major part of the output, in both oil and gas, came from fields in Rio de Janeiro state's coastal waters.

Output from operations abroad reached a daily average of 247,594 barrels of oil equivalent in October, Petrobras said. This was 3.8% higher than in September due to the resumption of normal production levels at the company's Akpo field in Nigeria and Bacia Austral in Argentina, as well as the carrying out of test production at Coulomb field in the U.S., it said.

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