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Petrobras announces new output record as pre-salt production tops 400,000 bpd


Published Feb 27, 2014
Petrobras - Lula field

On February 20, oil production in fields operated by Petrobras in the Santos and Campos Basin pre-salt accumulations rose to 407,000 barrels per day (bpd), a record daily output.

It has taken eight years to achieve this level of output since initial discovery in 2006, much faster than the time taken to reach the same level in other extensive production areas throughout the world. For instance, in the Gulf of Mexico it took 19 years from the initial discovery to reach output of 400,000 bpd. In the Campos Basin, it took 16 years. And in the North Sea, nine years. In contrast to these regions, all pre-salt production takes place in deep waters, making it an even more spectacular achievement.

Tags: Petrobras




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