Petrobras Sub-Salt Oil Production Hits 700,000 Barrels per Day


SAO PAULO, Dec 23 (Reuters) – Brazil's state-run oil firm Petroleo Brasileiro SA saw oil production from its deep-water sub-salt fields reach about 700,000 barrels per day (bpd) in mid-December, according to a Tuesday securities filing.

The company, known as Petrobras, also said its total oil and liquefied natural gas production reached a record 2.286 million barrels per day on December 21.

Petrobras preferred shares are down over 35 percent this year as the company struggles with an uncertain outlook for oil prices and an ongoing corruption investigation.

(Reporting by Asher Levine Editing by W Simon)



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
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
United States Houston: R&D Cementing Engineer - Petrophysical Applications
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Houston, TX
United States Houston: Application Evaluation Specialist
Expertise: Drilling Engineering|Field Development
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours