Petrobras Produced 3.0 Mbbpd in August

Tuesday, September 3, 2019

Brazilian state-run oil company Petroleo Brasileiro SA produced 3.0 million barrels of oil equivalent per day (boepd) on average in August, according to a securities filing on Tuesday, up 21.6% from the same period a year ago.

Petrobras, as the company is known, said that in Brazil's coveted pre-salt area it produced 2.2 million boepd on average for the month. Total production on one unspecified day in August reached 3.1 million boepd, the firm added.

In early August, Petrobras said total production had reached 3 million boepd on July 28. The new figures indicate that the company was able to consolidate that level of production in August, though production growth was fairly modest.

Brazil's listed preferred shares in Petrobras opened down 0.4% on Tuesday, while Brazil's benchmark Bovespa equities index was roughly flat.


(Reporting by Marta Nogueira and Jake Spring; Writing by Gram Slattery Editing by Jonathan Oatis)

Categories: Deepwater FPSO Production South America Floating Production

Related Stories

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept (Video)

Petrobras’ P-79 FPSO Arrives to Brazil to Support Búzios Growth Plan

Transocean Secures $184M for Drilling Rigs Operating off Norway

Current News

Island Offshore’s Hybrid OECV Hits Water at Vard Yard in Romania (Video)

Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana

Petronas Takes Operatorship of Oman’s Offshore Block 18

France Lowers Renewable Goals, Backs Nuclear in New Law

Subscribe for OE Digital E‑News