Petrobras 2018 Production Shy of Target

Wednesday, January 16, 2019

Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday, just below the company's target of 2.1 million bpd.

Petrobras' total production of oil and natural gas was 2.63 million barrels of oil equivalent per day (boe/d), with 101,000 boe/d produced abroad, it said. The company had targeted 2.7 million boe/d.

In its statement, Petrobras said it expected to produce 2.8 million boe/d in 2019.


(Reporting by Luciano Costa; editing by Chris Reese)

Categories: Offshore Energy Deepwater FPSO Production South America Floating Production

Related Stories

Shearwater and Mondaic Enter Strategic Alliance to Optimize Seismic Surveys

Miko Marine Gets MODEC’s Errea Wittu FPSO Job

Venterra’s GDG to Provide Geophysical Services for Polish Offshore Wind Farm

Current News

New York Not Moving Forward With Three Offshore Wind Farms

DNV Awards Certificates for Fortescue’s Dual-fueled Ammonia-powered Vessel

Energy Storage on O&G Platforms - A Safety Boost, too?

Türkiye Aims to Drill for Oil Off Somali Coast Next Year

Subscribe for OE Digital E‑News