Related Articles
Forward article link
Share PDF with colleagues

Turnaround as Brazil's Petrobras sees a rise in production

The state oil company has seen more projects develop to increase the country's oil output

Brazil's state oil company Petrobras has increased oil output to record levels in consecutive months this year as new deep-water projects come on stream, signalling a potential turnaround after repeated delays and missed production targets. The company's total oil output was 2.239 million barrels a day (b/d) in September, up 16% on the 1.932m b/d it produced a year ago. The International Energy Agency (IEA) has described  the sharp increase in production from Brazil in recent months as 'remarkable'. New production vessels launched earlier this year are paying off in terms of rising output. Petrobras said production rose in September partly because of stronger contributions from the P-55 and

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad