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

Australian Union Members Back Pluto LNG 2 Strike

Britain Eases Opposition to New Oil, Gas Permits

Vår Energi Hires Well Expertise for Drilling and Subsurface Ops Support

Current News

Brazil’s Petrobras Targets Rapid Start-Up at Sudoeste de Tartaruga Verde

Jan De Nul Unveils ‘Most Advanced’ Wind Farm Installation Simulator

IWS Fleet Fills Charter Gaps, Secures New CSOV Deals Into 2028

Chevron Eyes New Nigeria Oil Blocks Aiming for Late-2026 Rig Arrival

Subscribe for OE Digital E‑News