Petrobras October Output up to 1.96Mb/d

Brazil's federal energy company Petrobras (NYSE: PBR) produced 1.96Mb/d of oil at home and abroad in October, up 1.6% from 1.93Mb/d in September, the company said in a statement.

Domestic output in the period rose 1.8% to 1.82Mb/d from 1.79Mb/d, while international output fell 1.3% to 137,700b/d from 139,600b/d.

Domestic output was 5.7% higher and international output 10% lower than in October 2005, Petrobras said.

Increased production reflects higher output in the Albacora Leste field thanks to three new producing wells, the company said. Albacora Leste is in the country's most prolific oil basin, Campos.

In the first 10 months of 2006, daily production averaged 1.91Mb/d, up 3.5% from 1.85Mb/d in the whole of 2005.


Including natural gas, Petrobras' output averaged 2.34Mboe/d in October 2006, up 1.6% from 2.31Mboe/d in September 2006 and 4.7% from 2.24Mboe/d in October 2005.

Natural gas output averaged 44.8Mm3/d, up 4.4% from 42.9Mm3/d in September due to higher domestic demand for the fuel, the company said.

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