Petrobras Sets Daily Production Record, Exceeds 2 Million Barrels

On Dec. 25, Petrobras set another daily oil production record in Brazil: 2,238,000 barrels, a mark few companies in the world have reached. The record is the outcome of six new platforms going online in 2007 alone.

At peak production, the six new platforms will add 590,000 barrels to the installed capacity (maximum lifting capacity the units were designed for) in Brazilian fields. The previous record had been set on October 23 2006, at 1,912,000 barrels.
Although more than 80% of the oil Petrobras produces in Brazil comes from offshore fields, onshore production has an important role too. The average onshore field production has hovered over 230,000 barrels per day, a volume that has been being maintained in the past few years thanks to the new technologies the company has been developing to increase mature field useful lives. Furthermore, the company is foreseeing considerable onshore production growth in the upcoming years.

The pace at which new oil production systems are going online in the company’s portfolio will continue intense in 2008.

Rigzone