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Petrobras surpasses the 1.83 million barrel per day mark in Brazil
This was approximately 15,000 barrels more than the previous record of May 12 2005 (1.820,000 barrels); 6.1% higher than the last monthly record in May of this year (1,729,000 barrels per day); 13.7% higher than the average for the first five months of 2005 (1,613,000 barrels per day) and 22.9% above the average output for 2004 (1,493,000 barrels per day).
This is the tenth daily production record Petrobras has reported in 2005, and similar to the others, reflects the exceptional operating performances of the platforms in the Campos Basin and enhanced recovery from fields located in mature production areas in the North and North East regions and the state of Espírito Santo.
DATE | RECORD PRODUCTION (in barrels) |
March 30 2005 | 1,650,947 |
April 4 2005 | 1,666,492 |
April 5 2005 | 1,703,789 |
April 6 2005 | 1,720,096 |
April 18 2005 | 1,725,351 |
April 19 2005 | 1,759,300 |
April 24 2005 | 1,768,140 |
April 25 2005 | 1,791,615 |
May 12 2005 | 1,819,604 |
June 23 2005 | 1,834,505 |
Platforms P-43 in the Barracuda Field and P-48 in the Caratinga field, recently installed in the Campos Basin, operated at full capacity and together, contributed 308,000 barrels to the latest daily production record.
PETRÓLEO BRASILEIRO
S.A--PETROBRAS | ||
By: |
/S/ José Sergio Gabrielli de Azevedo
| |
José Sergio Gabrielli de Azevedo
Chief Financial
Officer and Investor Relations Director
|
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.