Monday, January 25, 2010

Petrobras (NYSE:PZE) Brazil Oil Production 2009

Petrobras (NYSE:PZE)

Including gas production in Brazil for 2009, that increased overall by 5.1 percent to 2,287,457.

Gas production held down the average, as it was basically level for 2009 in comparison with 2008 in Brazil based on decreased demand. Daily gas volume in the country from Petrobras stood at 50,343,000 cubic meters a day, again, essentially the same usage as 2008.

Oil use in 2008 had stood at 1,854,655 barrels a day.

In 2008 the average combination gas and oil usage in Brazil from Petrobras was 2,275,896 barrels a day.

Oil production for Petrobras when taking in its overall global operations for 2009 came in at 2,525,260 barrels a day; up from 2,399,958 a day in 2008. That represents a 13.7 percent increase from 2008, or 140.576 barrels a day.

The drop in natural gas in general came from decreased demand from Bolivia.

Petrobras (NYSE:PZE)

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