Petrobras production hits 3.98 million barrels a day – CEO 

Must Read

OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

Production at Brazil’s state-run Petrobras hit close to four million barrels a day in this quarter, according to its chief executive officer, Jean-Paul Prates. 

In a post on X (formerly Twitter), Prates said Petrobras began producing oil in 1953 with just shy of three thousand barrels a day. 

Petrobras in final preparatory stage to start production from Sepetiba | OilNOW 

“Today, @petrobras produces more than a thousand times this volume daily, reaching 3.98 million barrels of oil equivalent per day this quarter. And we will continue contributing to the country’s growth.” he wrote. 

In filings to the U.S. Securities and Exchange Commission, Petrobras said the output is almost 8% higher than the last three quarters. 

No production target impacts expected as Petrobras delays project start-ups | OilNOW 

The hike was attributed to the ramp-up of two offshore platforms in the Santos Basin and two more in the Campos Basin, in addition to fewer platform maintenance stoppages in the period.

Detailed figures will be released on October 26.

- ADVERTISEMENT -
spot_img

Partnered Events

Latest News

Guyana taps Fulcrum LNG to partner with Exxon, government on gas development

Guyana has identified Fulcrum LNG to potentially partner with it and ExxonMobil on a natural gas development, President Irfaan...

More Articles Like This