Brazil’s oil production hits new record - July 03, 2005

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2005

Vol. 10, No. 27

Week of July 03, 2005

Brazil’s oil production hits new record

Brazilian state-run oil company Petrobras set a new daily domestic oil output record of 1.835 million barrels, the company said June 24.

The record was set June 23 as offshore oil rigs pumping crude oil from the Barracuda and Caratinga fields off Rio de Janeiro state in southeastern Brazil reached full capacity, Petrobras said.

The company said improved productivity from recovery of mature fields in the north and northeast regions and in the southeastern state of Espirito Santo also contributed to the record.

The previous record of 1.819 million barrels was reached May 12. The June 23 record was the 10th daily so far in 2005.

—The Associated Press

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