Petrobras' Oil Production to End Year At 2MM B/D

RIO DE JANEIRO (Dow Jones Newswires), October 7, 2008

Petrobras should end 2008 with daily domestic crude oil output of about 2 million barrels a day, the company's executive manager for exploration and production told the Estado news agency.

According to Petrobras' Jose Antonio Figueiredo, new wells connected to the P-52 and P-54 platforms, as well as the start up of the P-51 and P-53 platforms, will boost the company's output by about 100,000 barrels a day.

In August, domestic crude oil daily output was 1.885 million barrels of oil equivalent.

The P-53 platform was inaugurated last month, with the first production expected later in October. The P-51 platform, which will be launched Tuesday, will likely start producing crude around Christmas, Figueiredo said.  

Copyright (c) 2008 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Technical Writer - Greeley Colorado
Expertise: Petroleum Engineering|Technical Writing
Location: Greeley, CO
 
Senior/Principal Industry Specialist - Oil & Gas
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Washington, DC
 
United States Elmendorf: Perforating Specialist, Assoc
Expertise: Production Engineering
Location: Elmendorf, TX
 
search for more jobs

Brent Crude Oil : $55.86/BBL 0.73%
Light Crude Oil : $52.64/BBL 0.51%
Natural Gas : $3.42/MMBtu 0.00%
Updated in last 24 hours