Company reported a production of 3 million barrels of oil and gas per day, a record high.
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Brazilian state-owned company will focus its efforts in gas and oil exploration and production, said the company’s president Roberto Castello Branco.
Oil extraction averaged 2.5 million bpd during the month, down 6.4% from May and 1.3% from June 2018.
Oil company approved the sale of 30% of the subsidiary’s capital stock.
Petrobras now extracts almost 2 million barrels of oil equivalent a day in the region’s ultra-deep waters.
The five biggest corporations run by Brazil’s federal government ran close to USD 18 billion in profit last year. Petrobras saw the strongest numbers.
Brazil produced on average 2.6 million barrels per day in the first month of 2019.
Petrobras started this Wednesday (20) to produce oil and gas in platform P-76, in Campos Basin.
Chevron bought the refinery for USD 526 million.
Volume produced was equivalent to 3.274 million barrels of oil per day. The decline was due to stoppages for maintenance in the three platforms.
The country produced 117 million cubic meters per day in October, up 2.1% year-on-year.
Oil and gas production averaged 3.34 million barrels of oil equivalent per day for the Brazilian state-run oil company in October.
The company purchased 157,000 barrels per day in the first nine months of this year, up 34,000 from a year ago. Domestic demand picked up while local output diminished.
The state-owned oil company has paid a BRL 2 billion (USD 540 million) debt with Banco do Brasil, which had a 2020 due date.
