Petrobras says its oil, gas output increased in 2008

January 17th, 2009 - 11:09 pm ICT by IANS  

Rio de Janeiro, Jan 17 (IANS) Brazil’s energy giant Petrobras has announced that its oil and gas output increased by 4.3 percent in 2008, EFE reported Saturday.The company produced an average of 2.4 million barrels of crude per day at its plants inside and outside the country. It also produced 421,000 boe (barrels of oil equivalent) of natural gas per day.

The Company’s average hydrocarbon output in December was 2.44 million boe per day, exceeding November’s production by 33,000 boe.

Petrobras’ average domestic production of crude and gas was 2.18 million boe per day in 2008, up by 5.4 percent comparing with the 2007 figure, the company said in a statement to financial markets Friday.

Petrobras plans to spend $112 billion between 2008 and 2012 under an ambitious energy project.

Of the nine foreign countries where Petrobras has production activities, the largest hydrocarbon output was registered in Argentina, with an average total of 100,037 boe per day in 2008.

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