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

Production Restart at Australian Offshore Fields Boosts Jadestone's Oil Output

Indonesia Cuts Singapore Pipeline Gas Flows by 9% to Meet Domestic Demand

Idemitsu Taps PV Drilling for Vietnam's Offshore Drilling Campaign

Oil India Discovers Gas in Shallow Waters of Krishna-Godavari Basin

Murphy Oil Finds More Oil Offshore Vietnam, Côte d'Ivoire

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Fugro Adds More Survey Work off Timor-Leste

ONGC Strikes Gas in Deepwater Well off India

Indonesia Picks Winners for Six Oil and Gas Blocks, Puts Eight More on Offer

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

Current News

Murphy Oil Secures Six Offshore Israel Licenses Near Leviathan Gas Field

VAALCO Advances Côte d'Ivoire Offshore Exploration Ahead of 2028 Drilling

Aramco’s Building in Riyadh Damaged by Houthi Attack

ADES Lands $117M ONGC Drilling Contracts for Two Jack-Ups

Velesto’s Jack-Up Rig Up for Drilling Job with Petronas

Tender-Assist Rigs: Southeast Asia’s Quiet Workhorses Head for Full Utilization

Aker Solutions Lands Major Role in Qatar’s Offshore Oil Field Revamp

TotalEnergies Inks 15-Year LNG Supply Deal with China's Jiangsu Guoxin

Baker Hughes Sets Up Global Network to Bolster Mature Oil and Gas Fields Production

Valaris Secures $600M in New Contracts as Backlog Rises to $4.8B

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