Petrobras' Production Surpasses 1.9 Million bpd in Brazil

Petrobras reached the record production of 1,912,733 barrels of oil in Brazil on October 23rd. This record improved on its previous one, of 1,882,000 barrels and achieved last May, by 30,000 barrels.

This record resulted, mainly, from onshore field production maintenance and from three new wells, interconnected to the P-50 platform in the Albacora Leste, in the Campos Basin, going online. With them, the P-50 has already reached a production of some 150,000 barrels a day. Meanwhile, the connection of four other wells to the same platform is nearing completion. When they kick production off, in the next few weeks, the P-50's production is expected to top its maximum production capacity, programmed at 180,000 barrels a day.

This achievement is a decisive step in order for Petrobras to reach its goal of producing 2,000,000 barrels a day, foreseen to be reached by the end of the year, when two more platforms will go online in the Campos Basin: the P-34, in the Jubarte field, which will occur in November, with the potential to produce 60,000 barrels/day; and the Cidade do Rio de Janeiro FPSO, in the Espadarte field, slated for December, capable of producing up to 100,000 barrels per day.