Petrobras' Oil Production Up 5% in August

Petrobras' average oil production, in Brazil, reached the mark of 1,980,222 barrels in August, a 5% increase over a year ago. Compared to last July, the growth was 42,000 barrels of oil per day. This increase resulted from resumed operations at platforms that had undergone scheduled shutdowns in the previous month (Cherne 1, P-9, and P-40) and from production going on stream at new wells connected to Campos Basin platforms.

Petrobras' average oil and gas production in Brazil, in August, topped out at 2,296,260 barrels of oil equivalent per day (boed), 3.6% more than a year ago (2,216,881 boed).

Considering the fields in Brazil and overseas, Petrobras' total oil and natural gas production averaged 2,530,559 barrels of oil equivalent per day (boed) in August, 3.6% more than a year earlier and 1.3% higher than last July.

The volume of oil and natural gas coming from countries where Petrobras has operations reached 234,299 barrels of oil equivalent per day (boed), 3.9% more than a year earlier on account of production going on stream in the Nigerian fields of Agbami and Akpo.

Natural gas production in the domestic fields was 50,246,000 cubic meters per day, the same as in July and August 2008.