Brazil's ANP Fines Petrobras Over Output Measures
Brazil's petroleum regulator, the ANP, fined state-run oil company Petroleo Brasileiro SA 5.55 million reais ($2.49 million) after problems were discovered with gauges used to measure oil and gas output in the Lula offshore field, the ANP said on its Web site late Friday.
The output levels recorded by the gauges are used in the calculation of royalty payments to Brazil's government. An appeal by Petrobras, as the company is known, was turned down by the ANP. In July, Petrobras said each of the four wells linked to its Cidade de Angra dos Reis floating production, storage and offloading ship in Lula was producing an average of 24,000 barrels of oil a day.
($1 = 2.2265 Brazilian reais)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 34 Offshore Rigs
Manages 10 Offshore Rigs
- Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects (Dec 14)
- Natural Gas In Petrobras Pipelines Up About 23% In 2017 (Dec 05)
- Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO (Nov 15)