Brazil Oil, Gas Output Rises 6.2% In July Versus Year Earlier
RIO DE JANEIRO, Sept 2 (Reuters) - Brazil's oil and natural gas output rose 6.2 percent in July compared with a year earlier as production ramped up at new large oilfields south of Rio de Janeiro and the country posted its second-straight record month of output.
A total of 44 companies produced 3.26 million barrels of oil and equivalent natural gas per day (boepd) in the month compared with 3.07 million boepd a year earlier, Brazil's petroleum industry regulator ANP said in a statement on Friday.
Production was 1.4 percent higher than the 3.21 boepd produced in June, the previous record.
State-controlled Petroleo Brasileiro SA, or Petrobras, remained the largest producer, accounting for 2.62 million boepd, or 81 percent of output in July.
Royal Dutch Shell Plc was the No. 2 producer with 292,712 boepd, or 9 percent of Brazil's output.
Repsol Sinopec, a joint venture between Spain's Repsol SA and China's Sinopec, was the No. 3 producer with an average 75,181 boepd of output in July, or 2.3 percent of total production. Repsol Sinopec is controlled by Repsol.
(Reporting by Jeb Blount; Editing by Tom Brown)
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.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds