Output in Espirito Santo Surges Beyond 100,000b/d with New Units

Production by Brazil's federal energy company Petrobras (NYSE: PBR) in Espirito Santo state reached 104,375 barrels on June 20, rising from average output of some 87,000 barrels a day (b/d) in late May, the company said in a statement.

Oil in the state is produced in the Espirito Santo onshore and offshore basin and the northern Campos basin.

The increase was a result of the April 2006 start of production of the Capixaba floating production, storage and offloading (FPSO) vessel on the Golfinho light crude field, the company said. In December 2005, output in Espirito Santo was some 40,000b/d. The business unit, known as US-ES, now has the second largest production after Campos.

Production at another three offshore field fields - Peroa, Cašao and Jubarte - and full capacity production at the Capixaba FPSO could push production in Espirito Santo to 180,000b/d.

The P-34 FPSO is due to start operations at Jubarte in August. Peroa, which started operations in February, could continue to step up production, a company spokesperson told BNamericas.

Petrobras currently produces more than 1.8 million barrels a day, 80% of which comes from the Campos basin, but in recent years has started investing heavily in the Espirito Santo and Santos basins to develop fields there.

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