Petrobras says its oil, gas production hits record high

Petrobras says its oil, gas production hits record high

Petrobras informed its June oil and gas production was at 2.90 million barrels of oil equivalent per day, a new monthly record for the Brazilian energy giant.

June output increased 2 percent as compared to the month before, Petrobras said, adding that of the total amount, 2.70 million boed were produced in Brazil and 0.2 million boed were produced abroad.

Petrobras’ total oil and gas output in Brazil reached 2.70 million boed, which is also a monthly record, the company said.

Natural gas production in Brazil, not including liquefied gas, was 78.8 million m³ per day, up 3 percent from 76.4 million m³ per day the previous month.

Average natural gas production abroad was 17.2 million m³ per day, down 4 percent from 17.9 million m³ per day the previous month, Petrobras said.

Worth mentioning, Petrobras said in June it has put its two LNG terminals on sale, namely the Pecém LNG import terminal and the Guanabara Bay LNG facility in the state of Rio de Janeiro. The company also said it is selling its LPG distribution unit, Liquigás Distribuidora.

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Posted on July 12, 2016 with tags .

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