Petrobras March Output Up 1.4% to 2.32Mboe/d

Brazil's federal energy company Petrobras (NYSE: PBR) saw production at home and abroad average 2.32Mboe/d in March, up 1.4% from the year-ago period, the company said in a statement.

Domestic production grew 3.2% in March to 2.09Mboe/d from the year-ago month.

Domestic oil output grew 3.7% to 1.81Mb/d in the period, with 87% coming from the Campos basin, Petrobras said.

Brazilian gas production in the period was close to February levels with 44Mm3/d, the statement said, without providing a year-on-year comparison.

Foreign production dropped 3% to 229,138boe/d in the period, largely due to protests in Ecuador.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.