São Paulo – The Brazilian state-owned oil company Petrobras produced 2,175,896 barrels of oil equivalent (boe) of oil and natural gas in Brazil in 2008, growth of 5.4% over the daily average in 2007. The figures were disclosed last Friday (16) by the company.
Production of oil alone totalled 1,854,855 barrels per day, growth of 3.5% in comparison with the previous year. The volume of natural gas produced was 51 million cubic metres a day, 17.8% more than in 2007.
Adding up the production in nine countries in which the company operates, the output totalled 2,399,958 barrels of oil equivalent per day, growth of 4.3% over 2007.
Average daily oil extraction abroad was 123,635 barrels, a reduction of 2%. In the case of natural gas there was a reduction of 8%, with production totalling 17,000 cubic metres a day. Total oil and gas production in boe’s was 224,062 barrels a day.
According to the company, the reduction in international production occurred due to a decrease in extraction at older fields and temporary interruption of pumping at the Southern Basin, in Argentina, the rescheduling of drilling dates in Venezuela, the hurricane season in the United States and maintenance work at the Guando Field, in Colombia.
*Translated by Gabriel Pomerancblum
