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
From “Freedom Gas” to “Gulf of America”: Trump Doubling Down on Energy Nationalism President-elect Donald Trump has announced plans to rename the Gulf of Mexico to the “Gulf of America”...
U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse.
Royal Boskalis B.V. has announced plans for the Windpiper, set to become the world’s largest subsea rock installation (SRI) vessel with an impressive cargo capacity of 45,500 metric tons. The...
January 6, 2025
Total Views: 2021
Sign Up Now for gCaptain Daily
We’ve got your daily industry news related to the global maritime and offshore industries.
JOIN OUR CREW
Maritime and offshore news trusted by our 109,126 members delivered daily straight to your inbox.
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
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 ...
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.