MercoPress, en Español

Montevideo, March 24th 2019 - 23:42 UTC

Tag: pre-salt oil

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Friday, January 13th 2017 - 11:19 UTC

    Petrobras pre-salt oil production set a new record in 2016

    Total production of the company in the country reached 2.63 million barrels of oil equivalent per day, 1% above 2015’s results, which also set a new record

    Petrobras’ average oil production in Brazil in 2016 went up 0.75% in comparison to the previous year and reached 2,144,256 barrels per day. According to the company, the result was in line with the established target of 2.145 million and represents an annual all-time high.

  • Thursday, July 14th 2011 - 22:09 UTC

    Brazil has a “North Sea of oil” along its Atlantic coast, says Petrobras

    Francisco Nepomuceno Filho, Petrobras’s, Petrobras London head of exploration and production

    Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said a Petrobras exploration official in an interview in London.

  • Wednesday, April 20th 2011 - 00:49 UTC

    First Brazilian pre-salt oil shipment to Chile in mid May

    The one million barrel shipment comes from the Lula field

    Petrobras, Brazil’s state-controlled oil producer will export its first cargo from the country’s second-largest crude field to Chile in mid-May.