Petrobras Average Brazil Oil Output Rises 2% In November

Petrobras Average Brazil Oil Output Rises 2% In November
Petroleo Brasileiro SA said on Thursday that average domestic oil output rose 2% in November from the prior month.

Reuters

Petróleo Brasileiro SA said on Thursday that average domestic oil output rose 2 percent in November from the prior month, underscoring steps by Brazil's state-controlled oil company to improve exploration and production performance in some offshore fields.

In a securities filing, Petrobras said average oil production in Brazil stood at 2.23 million barrels ofoil a day equivalent last month. The company's total production, which encompasses Brazil-based and overseas operations, totaled 2.86 million boed last month, the filing said.

(Reporting by Guillermo Parra-Bernal; Editing by Hugh Lawson)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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