Petrobras February Output Climbs 1.3% to 1.94Mb/d

Brazil's federal energy company Petrobras (NYSE: PBR) last month saw domestic and international production grow 1.3% to 1.94Mb/d compared to January, the company said in a statement.

Petrobras attributed the performance in part to resumed production at the P-37 platform in the Marlim field following a programmed shutdown in January.

The start of production at the Cottonwood field in the US and improved performance in Ecuador were also behind the increase.

Domestic production increased 1.1% to 1.80Mb/d and international output in eight countries climbed 2.7% to 131,306b/d.

Petrobras' international production came from operations in Angola, Argentina, Bolivia, Colombia, Ecuador, Peru, the US and Venezuela. Argentine output made up the bulk of this production with 57,193b/d.

As for domestic production, offshore and onshore output was 1.56Mb/d and 231,900b/d respectively, the statement said.

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Brent Crude Oil : $51.38/BBL 2.44%
Light Crude Oil : $50.43/BBL 2.26%
Natural Gas : $3.14/MMBtu 0.94%
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