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Petrobras Begins Oil Production at Bauna Field

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BRASILA - Petroleo Brasileiro, Brazil's state-controlled oil company, said Tuesday it began production in the Bauna offshore field and plans to ramp up output in the coming months.

The Bauna field is located in the BMS-40 block of the Santos basin. The production platform is currently connected to just one well, 9-SPS-88, but will be linked to another 10 wells in the coming months, the company said.

It was the third new production unit started up by the Rio de Janeiro-based company so far in 2013.

Copyright (c) 2012 Dow Jones & Company, Inc.

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