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PETROBRAS: Oil And Gas Output Increases 0.35% On Month In June

Petrobras’ total oil and gas output rose by 0.35% in June compared to the previous month, to 2.81 million barrels of oil equivalent per day (boed). Out of this total, 2.7 million boed were produced in Brazil, up 0.74% on a monthly basis, and 113 thousand boed abroad, a 5.8% decline.

Average oil output in Brazil totaled 2.20 million barrels per day (bpd) in June, up 0.6% on a monthly basis. The increase reflects the restart in the P-43 platform production in the Barracuda and Caratinga fields, at Campos Basin, after a scheduled halt, and in the Lula field, at Santos Basin.

Meanwhile, Petrobras’ natural gas output in Brazil last month was at 80.3 million cubic meters per day (m3/day), up 1.8%. Oil production in fields abroad was stable at 65,000 bpd. Gas production abroad fell 13%, to 8.1 million m3/day, reflecting lower demand for the fuel and a smaller output in the Hadrian South field, in the US.

Pre-salt layer oil and gas production hit a new record in June, reaching 1.69 million boed, up 7.6%, after the start of P-66 operations in the Lula field and new production wells throughout the year for the Cidade de Caraguatatuba, Cidade de Ilhabela, Cidade de Maric?, Cidade de Mangaratiba and Cidade de Saquarema platforms, all in the Santos Basin.

The material has been provided by InstaForex Company – www.instaforex.com