Petrobras 2018 Production Shy of Target

Published

(Photo: Petrobras)
(Photo: Petrobras)

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)

Current News

Trinidad Hopeful for Offshore Gas Projects with Venezuela

Trinidad Hopeful for Offshore

Viridien Teams Up with NVIDIA to Accelerate Seismic Imaging Workflows

Viridien Teams Up with NVIDIA

Dolphin Drilling, Vantris Ink Marketing Deal for Blackford Dolphin Semi-Sub

Dolphin Drilling, Vantris Ink

Turkey’s TPAO, Shell Partner for Offshore Exploration in Bulgaria

Turkey’s TPAO, Shell Partner f

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine