Marine Link
Thursday, September 29, 2016

Brazilian Oil Production Down

October 23, 2007

According to an AP report, Brazil's domestic oil and natural gas output dipped in September due to problems with offshore drilling rigs in the Campos Basin, the state-run oil company Petrobras indicated recently. Combined oil and gas equivalent last month fell 2 percent from August and 1.1 percent compared to September 2006, Petroleo Brasileiro SA said in a statement. The combined production averaged 2,035,183 barrels a day last month, it said. The problems in the oil rigs in the Campos Basin near Rio de Janeiro, Brazil's richest oil-producing region, have been resolved, and production is expected to rise, Petrobras indicated without specifying what the problems were. Two new rigs in the Campos Basin, each with a capacity of 180,000 barrels a day, will come on line by year's end, the company stated. Another mobile rig off the coast of Espirito Santo state, north of Rio de Janeiro, is expected to produce up to 100,000 barrels a day. On April 21, Brazil started production on the huge P-50 rig, symbolizing the country's drive for oil self-sufficiency. Brazil consumes about 1.85 million barrels a day. But the country still imports light crude oil for refined products it needs, while it produces and exports mostly heavy crude oil. [Source: AP]


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News