Tuesday, May 11, 2010

Petrobras sets oil production record


BRASILIA, Brazil, -- Brazilian oil giant Petrobras said it set a single-day oil output record of 2.08 million barrels of crude production in April.

Petrobras said it set the daily record, as well as a monthly record for April, from production at its sites off the coast of Rio de Janeiro and Espirito Santo. Wells in production in the Campos basin contributed to the production gains, the company said.

International oil companies working in Brazil say the reserve capacity at various reservoirs there are "world class." U.S. explorer Anadarko Petroleum Corp. announced in April that it estimated fields in the Campos basin could hold more than 300 million barrels of oil.

Petrobras said it aims to increase average production to 2.1 million barrels per day in 2010 once two more facilities go online later in the year.

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