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

Fugro Secures India Deepwater Drilling ROV Contract

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Inpex Starts Construction of Indonesia's Abadi LNG Project

Noble Gets $136M Brunei Drillship Job

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Current News

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

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