São Paulo – In March, the Brazilian oil company Petrobras produced an average of 2,613,994 barrels of oil equivalent per day (boed) in oil and gas in Brazil and abroad, according to figures disclosed by the enterprise this Tuesday (26th). The volume is 2.3% higher than in March 2010 and 0.4% higher than in February this year.
Average production in Brazil reached 2,376,186 barrels of oil equivalent per day (boed), an increase of 2.9% over March 2010 and of 1% over February. According to the company, the performance was driven by the resumption of production at oil rigs previously under maintenance and the start of a Long-Duration Test at the field of Sidon, in the Santos Basin.
Out of the total production, 2,039,891 consisted of oil barrels. The result is 2.3% higher than the output of 1,993,763 barrels/day recorded in the same month of last year, and 1% higher than the volume extracted in February 2011. Natural gas production reached 53,467,000 cubic metres per day in domestic fields in March, 6.6% more than in the same month of 2010 and roughly the same figure as recorded in February.
*Translated by Gabriel Pomerancblum
