Brazil's ANP Fines Petrobras Over Output Measures


Brazil's petroleum regulator, the ANP, fined state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems were discovered with gauges used to measure oil and gas output in the Lula offshore field, the ANP said on its Web site late Friday.

The output levels recorded by the gauges are used in the calculation of royalty payments to Brazil's government. An appeal by Petrobras, as the company is known, was turned down by the ANP. In July, Petrobras said each of the four wells linked to its Cidade de Angra dos Reis floating production, storage and offloading ship in Lula was producing an average of 24,000 barrels of oil a day.

($1 = 2.2265 Brazilian reais)


Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Operator Assistant
Expertise: Regulatory Compliance|Rig Mover|Wireline
Location: Bakersfield, CA
Operations Coordinator
Expertise: Logistics Management|Operations Management
Location: Sugar Land, TX
Director of Contracting
Expertise: Contracts Engineer|Refinery Specialist
Location: Salt Lake City, UT
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours