Petrobras September Oil, NatGas Output Up 0.6% from August


Brazil's federal energy company Petrobras (NYSE: PBR) reported domestic and international oil and natural gas liquids (NGL) production in September stood at 2.31Mboe/d, up 0.6% from August and a 2.2% increase from the year-ago period.

The increase was due to three new production wells that began operations in the Albacora, Albacora Leste, and Caratinga fields in the Campos basin, the company said in a statement.

Petrobras also attributed the increase to higher output at the Golfinho field well.

In September, domestic oil and gas production was 2.06Mboe/d, up 0.8% from the previous month and 3% higher than September 2005.

Last month's domestic oil output rose 1.4% to 1.79Mb/d compared to August, while natural gas production fell 3% to 42,945m3/d. The production figures were up 3.2% and 2.1% respectively compared to the year-ago period.

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