Petrobras domestic oil production stable at 2m bpd during October

Sunday, November 27th 2011 - 05:54 UTC

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Brazil's government managed oil and gas company Petrobras said on Friday its average October domestic crude output remained stable versus September at 2.00 million barrels per day. Read full article

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GeoffWard2
'Petrobras says its average October domestic crude output remained stable versus September at 2.00 million barrels per day.The un-programmed stoppage of the P-35 Marlin platform and delays in the restart of the PCE-1, PNA-2, P-18 and P-19 units, hurt last month's production stats.'

Is this a good news story or a bad news story? What is it trying to say to us?

As ‘government-owned’ Petrobras has a big stake in all well production in ‘Brasilian’ waters – even when the extraction is done by a foreign company – do these stats include production achieved by these foreign companies?

I think I was expecting big increases month-on-month (and year-on-year) now the deeper strata are being tapped and the Santos Basin is in full flow.

It Just goes to show how much more difficult is Brasil’s marine oil extraction programme when compared to the 'sands of the desert' locations across the Middle East.
Nov 27th, 2011 - 02:11 pm - Link - Report abuse 0
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