News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

Petrobras output takes a tumble

Brazilian giant Petrobras saw its domestic oil output fall 2.3% in October from September's figures - its fourth straight monthly drop - with production falling 5% year-on-year as rig glitches took their toll.

Petrobras, which accounts for nearly all crude production and refining in Latin America's largest country, said in a statement that it pumped an average of 1.73 million barrels per day last month, below last year's average of 1.78 million bpd.

The company said it had programmed stoppages at the Garoupa and Corvina fields and had to halt a 60,000 bpd rig at the Albacora field to repair a riser pipeline.

Output has since resumed at the three fields.

Petrobras expects the production drop to be reversed soon as production starts at the Piranema and Golfinho light oil fields, with two big platforms are due for start-up on the Roncador heavy oil field before the end of the year.

Petrobras expects an average annual output growth of over 7% through 2012.

Natural gas production in Brazil edged up 0.7% in October from September to 42.6 million cubic metres per day.

The company's international oil output fell 3.4% to 124,175 bpd due to lower production in Venezuela and Argentina.

Natural gas production abroad fell 3% to 18.6 MMcmd.

e-mail this to a friend

e-mail this to a friend

FREE Daily newsletter print
most popular
search
subscriber login
recruitment

Specialists Needed

ConocoPhillips is an international, integrated energy company. It is the third-largest integrated energy company in the United States based on market capitalization and oil...

ConocoPhillips

Strategic Advisors

Our client, a multinational petrochemical company, is seeking to recruit experts in the Gulf and North African gas sector.

Mellaart

Offshore Shipbroker

Maersk Broker wish to further strengthen our team responsible for Specialised Tonnage, and are looking for dynamic and professional Shipbrokers who can actively participate...

Maersk Broker

Business Development & Commercial Manager

OMV Exploration & Production

Lead Civil Engineer

Air Energi

Chief Engineer

Faststream

Construcion Manager

Sheffield Offshore

HSE Safety Advisor

Air Energi

E & I Inspector

Air Energi

Surveyor

Faststream

click here for all positions
news from other nhst publications