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Brazil oil and gas production reached 2.78 million barrels equivalent per day

Thursday, July 5th 2012 - 22:40 UTC
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Petrobras remains by far the main producer Petrobras remains by far the main producer

Brazilian oil and natural gas output rose 1.89% in May from April to 2.78 million barrels of oil and gas equivalent a day (boepd) as crude output from giant, new offshore fields increased, Brazil's oil agency ANP said on Thursday.

Production fell 0.5% compared with a year earlier, the ANP said in its monthly “Oil and Natural Gas Production Bulletin.”

Brazil's state-led oil company Petrobras remained the principal producer. It was responsible for 2 .24 million boepd, or 90% of Brazil's output in the month. The production figure does not include oil owned by Petrobras partners and produced at fields operated by Petrobras.

Anglo-Dutch oil company Shell overtook Norway's Statoil to become Brazil's No. 2 producer for the first time since March. Shell produced 34,395 boepd of Brazilian output in May.

Brazil's OGX Petroleo e Gas slipped to ninth place from eighth, being overtaken by BP Plc. OGX reached 9,042 boepd day of output 1% less than in April. BP with 9,949 barrels a day was 24% above April.

Production from the so-called sub-salt offshore fields south of Rio de Janeiro rose 4.8% to 171,300 boepd. The extra production came from the Jubarte, Lula, Caratiniga and Barracuda fields.

Categories: Energy & Oil, Brazil.

Top Comments

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  • ChrisR

    Good result for Petrobras.

    The reason for this is the CEO, a mature fully industry experienced woman: the first CEO to get a much needed gas (petrol) price rise out of any government since 2008.

    Jul 06th, 2012 - 02:38 pm 0
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