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Montevideo, December 11th 2017 - 13:18 UTC

Tag: Brazil pre-salt productions

  • Friday, November 17th 2017 - 08:03 UTC

    Petrobras counts on pre-salt production to compete with a boom in US shale output

    Parente said it is crucial to be a low-cost producer as a boom in U.S. shale output is upending the oil market and as societies look to lower carbon emissions

    Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.

  • Tuesday, June 14th 2016 - 08:22 UTC

    Petrobras pre-salt fields production climb to a new high in May: 1.1MMboe/d

    Pre-salt production of oil and natural gas climbed to a new high, breaking the 1 MMb/d mark for the first time on May 8.

    Petrobras’s oil production in Brazil averaged 2.16 MMboe/d in May, its fifth highest monthly figure to date. The growth was due mainly due increases from the company’s pre-salt fields, with new wells connected to the FSPO Cidade de Maricá serving the Lula field in the Santos basin.

  • Monday, January 18th 2016 - 08:15 UTC

    Petrobras increased pre-salt oil production by 56% during 2015

    Production from the highly promising pre-salt region, meanwhile, rose to an average of 767,000 bpd, up 56% from the previous year and a record high

    Brazil's state-controlled oil company Petrobras said it increased its crude production last year by 4.6% relative to 2014, exceeding the target set forth in its business plan for the first time in 13 years. Oil output in 2015 amounted to an average of 2.128 million barrels per day (bpd), up 0.15% from the 2.125 million bpd forecast by the company.