Brazil asks Petrobras to ramp up output

Petrobras output: ANP may push production targets at Roncador field

AFP/SCANPIX

related stories

News Wires

 18 January 2013 18:07 GMT

Brazil's ANP oil regulator asked state-led Petrobras to increase production at one of its largest fields, increasing costs for the firm that already has the world's largest corporate spending program, according to documents from the agency.

Petrobras said in a statement published online on Friday that it has not been officially notified of the request from the ANP to make additional investments at its Roncador field, Reuters reported.

Roncador, one of Brazil's biggest producing fields in the Campos Basin, is among the older fields that have been responsible in the past six months for falling petroleum output from Petrobras, which provides for some 90% of Brazil's oil needs, the news wire said.

As output falls at established fields, the oil giant has focused on developing more promising prospects in…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index