Brazil April crude oil output up 3.8% from March at 1.923 Mbpd

6/5/2013

Brazil April crude oil output up 3.8% from March at 1.923 Mbpd

BY JEFF FICK

RIO DE JANEIRO -- Brazilian crude oil output rose in April, ending the consecutive months of declining production as several offshore platforms returned from maintenance shutdowns, the National Petroleum Agency (ANP) said.

Brazil produced an average 1.923 MMbopd in April, up 3.8% from March and but still down 4.9% from April 2012, the ANP said.

The country's crude oil production has been undermined so far in 2013 because of ongoing maintenance work at aging offshore oil platforms operated Petrobras. Brazil also encountered productivity declines at mature fields in the offshore Campos Basin, which accounts for more than 85% of the country's crude.

In April, three platforms restarted production after maintenance work was completed, Petrobras said last week. Petrobras also is ramping up crude oil output on a floating platform installed earlier this year at the Bauna field. Undercutting production in April were shutdowns at the Petrobras's Roncador field, as well as the Ostra and Argonauta fields operated by Shell.

The maintenance work has offset new production coming onstream from the country's much anticipated pre-salt fields, a series of ultra deepwater oil discoveries buried under a thick layer of salt off the country's Atlantic Ocean coast. Brazil's pre-salt region, where new wells have recently increased production, produced 295,200 boe and 9.9 MMcm of natural gas a day in April, the ANP said.

Natural gas production climbed retreated in April from the record 77.3 MMcm a day set in March, the ANP said. Brazil produced 74.7 MMcm a day during the month, the ANP said.

Dow Jones Newswires

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