Petrobras Produced 3.0 Mbbpd in August

Published

(Photo: Petrobras)
(Photo: Petrobras)

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)

Current News

IWS Fleet Hires Kongsberg Maritime to Equip Four CSOV Newbuilds

IWS Fleet Hires Kongsberg Mari

Seadrill Secures Offshore Drilling Deals Across Four Countries

Seadrill Secures Offshore Dril

TotalEnergies Picks Vallourec’s Tubular Solutions for Caspian Gas Field

TotalEnergies Picks Vallourec’

Hampidjan to Supply Heavy-Lifting Slings for Cadeler's Wind Ace

Hampidjan to Supply Heavy-Lift

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine