Output from Brazil's Petrobras Hits Nearly 4 Mln Barrels in Third Quarter

Peter Frontini
Tuesday, October 17, 2023

Brazilian state-run oil firm Petrobras said on Monday that its combined crude and natural gas output in the third quarter reached 3.98 million barrels of oil equivalent per day from the projects it operates. 

The output was almost 8% higher than production during the previous three quarters, Petrobras said in a securities filing. 

The company attributed the figures to the ramp-up of two offshore platforms in the Santos Basin and two more in the Campos Basin, in addition to fewer platform maintenance stoppages in the period. 

The firm will provide more detailed figures on its third-quarter output on Oct. 26, and then revise its output guidance for the oil fields it operates on Nov. 9. 

(Reuters - Reporting by Peter Frontini; Editing by David Alire Garcia)

Categories: Energy Deepwater Industry News Activity Production South America

Related Stories

Worley Nets Equinor’s Framework Deal for Norway Offshore Assets

Petrobras’ Proven Oil and Gas Reserves Climb to 12.1 Bln Boe

GE Vernova Faces Revenue Hit After Offshore Wind Project Setbacks

Current News

Coastal Virginia Offshore Project Costs Increases to $11.5b

Equinor Extends Seadrill Drillship’s Stay off Brazil

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Subscribe for OE Digital E‑News