Petrobras (PBR)

Petrobras’ oil production in Brazil up 3.8% in July

Petrobras’ average oil and gas production in Brazil, in July, topped out at 2,254,409 barrels of oil equivalent per day (boed), 2.7% more than a year ago (2,195,855 boed). The exclusive domestic field oil production, 1,937,583 barrels per day, was 3,8% higher than July 2008.

July’s 11,000-barrel-per-day higher average volume was the outcome of production going back on line after scheduled shutdowns and of increased production at wells that are interconnected to the P-35 platform, in the Marlim field, and to the P-53 platform, in the Marlim Leste field, both in the Campos Basin.

Considering the fields in Brazil and abroad, the Company’s total oil and natural gas production averaged 2,498,116 barrels of oil equivalent (boe) per day, a 3.2% spike compared to July 2008.

The volume of oil and natural gas coming from countries where Petrobras has operations reached 243,707 barrels of oil equivalent per day (boed), 8.5% more than a year earlier on account of production going on stream in the Nigerian fields of Agbami and Akpo.

Natural gas production in the domestic fields was 50.371 million cubic meters per day, the same as in July 2008.

The chart shows the July production, per state and country.