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Oil & Gas Industry

Brazilian Oil and Gas Production Remains Stable

| Editor: Dominik Stephan

Petrobras tanker leaving a Brazilian harbour. The country has become an independent producer of heavy crudes, yet still imports lighter crudes for the processing of domestic oil.
Petrobras tanker leaving a Brazilian harbour. The country has become an independent producer of heavy crudes, yet still imports lighter crudes for the processing of domestic oil. (Picture: Petrobras)

Brazil's oil and gas industry remains on course: The country's largest oil company Petrobras announced an average oil and natural gas output of 2,583,415 million barrels of oil equivalent per day (boed) for June 2012, roughly the same as for the previous months.

Rio de Janeiro/Brazil – While both the total output as well as the production on domestic fields remained relatively stable, foreign outputs were 2.5 percent below May's level with 244,603 boed. Oil accounted for most of the domestic production with average outputs of 1,959,713 barrels/day.

Two Offshore platforms Shut Down for Maintenance

The oil output was, nevertheless, affected by the planned maintenance shutdowns of two of Petrobras offshore platforms, P-48 (Caratinga) and P-53 (Marlim Leste), in the Capos Basin of the Brazilian coast near Rio de Janeiro. In June, non-liquid natural gas output reached 60,272,000 m3, representing a 4.9% increase on the May figure of 57,437,000 m3.

Low Demands in Bolivia Affect Gas Production

The Oil output of Petrobras foreign operations reached 148,582 barrels/day, slightly (-0.8 percent) below the levels of the previous month. The output of natural gas output reached 16,314,000 m3/day, down 4.9% on May. This drop was due to a fall in demand for gas produced by Petrobras in Bolivia, company speakers explained.

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