Petrobras to Invest US$62mn to Boost Output in Northeastern Field

Brazil's federal energy company Petrobras (NYSE: PBR) plans to invest US$62mn through 2008 to expand output at the onshore Canto do Amaro field in Brazil's northeastern region, newspaper Diario de Natal reported.

The company aims to increase production by 6,000 barrels a day (b/d) by 2010 from current production of 29,000b/d, the newspaper reported.

The company will increase water injection into wells in the 20-year-old field.

The Canto do Amaro field is in Mossoro in Rio Grande do Norte state.

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