MercoPress. South Atlantic News Agency
Petrobras increased pre-salt oil production by 56% during 2015
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. Read full article
Comments
Disclaimer & comment rules56% increase sounds impressive until you see that the NEW daily total is way below 1M bpd.
Jan 18th, 2016 - 11:54 am - Link - Report abuse 0Given the collapse in the oil price their revenue has sunk out of sight.
Will PBR survive? Do pigs fly? Come back in twelve months and see the last instalment in our exciting serial!
PBR had better survive.....have shares of the Co. which should have sold 8 or 9 years ago, before the 9-fingered toad decided to nationalize the company and implement the largest corruption scheme Brazil has ever known - so far. Now, it's best just stick them in the draw and forget about them.
Jan 18th, 2016 - 03:45 pm - Link - Report abuse 0Brazilian economic principals:
Jan 18th, 2016 - 05:29 pm - Link - Report abuse 0Oil is at a 12 year low.
Increase production.
lol
@ 3 chronic
Jan 18th, 2016 - 07:25 pm - Link - Report abuse 0But do you not remember when Brasso claimed the whole world WANTS Brazil nut oil?
LOL
And where is selling the oil extracted by Petrobras? In Brazil. At what price? 70 U.S. dollars. Who pays? The consumer of gasoline and diesel oil. What is the Brazilian himself.
Jan 19th, 2016 - 09:50 am - Link - Report abuse 0By the end of 2017 Petrobras will be fully recovered and depending on the price of the barrel, ready to continue investments in order to export.
I guess that it's a little better than tar sands play.
Jan 19th, 2016 - 10:16 am - Link - Report abuse 0Lol.
Poor canucks.
Lol.
@5 BRasshole
Jan 19th, 2016 - 04:38 pm - Link - Report abuse 0How nice that you are back......catch a lot of fish in MS ? or were you on a secret mission in Brasilia advising the Dilminha on her next move ? Perhaps call a Press meeting to say something original, like erhhh, “I know nothing about it” ??
“And where is selling the oil extracted by Petrobras? In Brazil. At what price? 70 U.S. dollars. Who pays? The consumer of gasoline and diesel oil. What is the Brazilian himself.”
Free translation : “ and where is the oil extracted by PB being sold ? In Brazil, at US$ 70 ...”
So the Brazilians are getting fucked.......Brasshole, since you like shooting yourself in the foot all the time, why not try your head next time ? Just do it in the garden, as no one likes cleaning shit off the walls of the living-room.
I wonder why Bras thinks PBR will be around in 2017.
Jan 20th, 2016 - 12:15 pm - Link - Report abuse 0More likely it will be bankrupted and sold off in parts.
It will move into the mid 2s today
Once it goes under $1 lenders will start to call the notes
It can't sell stock
It can't refinance loans
Its done.
@8 YB
Jan 20th, 2016 - 05:40 pm - Link - Report abuse 0the problem is that in this ountry - where you have a government by the PT - and a rather self-serving Congress, they might easily decide that the Central Bank has to “lend” PB US$ 200 billion (from it's international reserves)......to be paid back by 2099, with interest of 1% per year.....I know it sounds ludicrous, but this is Brazil...
I don't see that happening.
Jan 21st, 2016 - 12:01 am - Link - Report abuse 0Frankly they don't have the U$ to do it
The Rial would go crazy
@10 yb
Jan 21st, 2016 - 07:16 pm - Link - Report abuse 0Don't expect rational decisions from the PT, specially when they are desperate.
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