Petrobras Liquids Output Climbs to 1.89Mb/d in Nov

Domestic and international liquids production by Brazil's federal energy company Petrobras (NYSE: PBR) rose 0.92% in November to 1.89 million barrels a day (Mb/d) from 1.88Mb/d in October, the company said in a statement.

Domestic liquids production alone rose 0.64% to 1.73Mb/d in November from 1.72Mb/d a month earlier.

Output recovered to September levels after a decline in October as the water level of the Solimões river started to return to normal allowing transportation of oil and natural gas production from the Urucu field in the western Amazon region to restart.

The return to production at one of the wells of the Caratinga field in the Campos basin also helped boost output in November, the company said.

International liquids output also rose in November to 159,600b/d from 153,500b/d in October, Petrobras said.

Petrobras' average output in the first 11 months of 2005 rose to 1.84Mb/d from 1.66Mb/d in the whole of 2004, the company said.

Petrobras' domestic and international natural gas production rose 3.63% to 60.5 million cubic meters a day (Mm3/d) in November from 58.4Mm3/d in October, the first rise after six straight monthly declines this year.

Natural gas output in the first 11 months of 2005 averaged 60Mm3/d, up from 58.1Mm3/d in the whole of 2004.

Average domestic gas output in the first 11 months rose to 44.8Mm3/d from 42.2Mm3/d in 2004 while the company's average daily international output rose to 16.4Mm3/d in the first 11 months of 2005, up from 16Mm3/d in 2004.

Petrobras' overall hydrocarbons production averaged 2.27 million barrels of oil equivalent a day (Mboe/d) in the first 11 months of 2005 up from 2.02Mboe/d in the whole of 2004.

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