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Petrobras July oil output in Brazil flat with June

Petrobras July oil output in Brazil flat with June

Write: Khalida [2011-05-20]
SAO PAULO - Crude oil output in Brazil from state-run oil company Petrobras averaged 1.867 million barrels a day in July, unchanged from June but up 2.9 percent from the 1.815 million bpd a year ago.

Petrobras said in a statement that its domestic output combined with that extracted in foreign fields stood at 1.986 million bpd, up from 1.984 million bpd in June and 1.938 million bpd in July of 2007.

Petrobras has production operations in the U.S. Gulf of Mexico, Nigeria, Angola and most of South America.

The company's natural gas production in Brazil in July reached 52.255 million cubic meters a day, down 2 percent from the 53.372 million cubic meters a day in June but up 18.7 percent from a year ago's 44.023 million cubic meters a day.

Although Brazil opened its oil exploration and production sector to foreign companies over a decade ago, Petrobras still accounts for nearly all oil and gas output in the country.