RIO DE JANEIRO -(Dow Jones)- Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday that total crude oil and natural gas production rose in June as several offshore platforms came back onstream after maintenance outages.
Petrobras produced an average of 2.641 million barrels of oil equivalent, or BOE, per day in June, up 2.1% from 2.586 million BOE per day in May. The company’s domestic crude oil output was 2.2% higher month-on-month in June at an average of 2.047 million barrels a day, up from 2.003 million barrels a day in May.
The jump in output was attributed to returning production at offshore platforms in the Campos Basin, where more than 85% of Brazil’s offshore crude is produced, Petrobras said. The company had embarked on a heavy round of maintenance work at its offshore platforms in the first half of 2011.
An additional well was also connected to the P-57 platform at the Jubarte field in the basin, while a long-term well test at the Aruana field also commenced during the month, Petrobras said.
Natural gas production, meanwhile, also advanced in June, Petrobras said. The federal oil company produced a daily average of 74.5 million cubic meters of natural gas at home and abroad. That was up from 72.8 million cubic meters in May
March 22 (Reuters) – The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied...
By Lars Paulsson (Bloomberg) — On the outskirts of Rotterdam, a bright orange ship is hoisted above the muddy Rhine with the help of six chunky triangular legs. The vessel has just been retrofit with a huge...
The Biden Administration has announced plans for a second offshore wind lease sale in the Gulf of Mexico after a first sale which, despite its historic significance, earned only a...
March 20, 2024
Total Views: 577
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.