Petrobras's Brazilian oil output hits record in August

The average daily oil production of Petrobras's fields in Brazil was 1,885,196 bpd in August, a 4.3 % increase over a year ago and 1 % more than the previous month. This result also set a new monthly production record, 18,000 bpd more than the previous record, set in June 2008, when 1,867,336 barrels were produced per day.
Petrobras's total average production (oil and natural gas in Brazil and abroad) topped at 2,442,444 barrels of oil equivalent (boe) per day in august, 5.3 % more than in the same month of 2007, and 0.9 % higher than last July. Natural gas production in domestic fields reached 52.734 mm cmpd, 22.5 % more than the volume extracted a year ago, and 0.9 % more than in July 2008.

International production
In August, joint production (oil and gas in barrel equivalents) abroad closed at 225,563 boepd, stable compared to the previous month. Of this total, 211,666 came from companies Petrobras controls, while 13,897 from partner companies.
Exclusive oil production in the fields abroad was 124,254 bpd, 4.3 % more than the total extracted in the previous month.

Petrobras's production in the Agbami field, Nigeria, where it operates in partnership with other companies, was kicked-off in July, and in August it reached 7,541 bpd. In addition to Agbami, the Akpo field is also in its development phase in Nigeria. Petrobras's share in these two giant fields, together, is expected to reach 65,200 bpd.
Natural gas production abroad was 17.212 mm cmpd in August, stable compared to July and 13.5 % less than a year ago.