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

Velesto Secures Malaysia Drilling Deal with Hibiscus

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

Norway O&G Revenue Forecast Jumps 30% for '26

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Fire at ONGC's Offshore Platform Injures 10, Operations Normalized

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Current News

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Velesto Secures Malaysia Drilling Deal with Hibiscus

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Global Businesses Face Mounting $25 Billion Fallout From Iran War

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com