Rio de Janeiro – The Brazilian oil company Petrobras recorded a 2.78% decline in oil and gas production in July compared with the previous month. However, at 2.57 barrels of oil equivalent per day, production in Brazil and abroad in July this year remained stable when compared with July 2010.
Production at national oil fields, which totalled 2.32 million barrels, had an even sharper drop: 3.5% compared with the previous month. The decline in domestic fields was a result of operational maintenance at rigs in the fields of Marlim (P-20, P-35 and P-37), Albacora Leste (P-50) and Parque das Baleias (FPSO Capixaba).
The reduction was driven mainly by a 3.8% drop in oil production, which averaged at 1.97 million barrels per day in July this year. Natural gas production averaged at 56.7 million cubic metres per day, an increase of 8% over the previous month.
*Translated by Gabriel Pomerancblum
