OTC: Petrobras presalt output to reach 2 million bo/d by 2020

Brazil’s Petroleo Brasileiro SA (Petrobras) plans to increase net production from its offshore presalt formation in the Campos and Santos basins to more than 2 million bo/d by 2020, from 311,000 b/d of oil as of Apr. 17, according to Carlos Tadeu de Costa Fraga, the company’s presalt executive manager. Fraga spoke May 7 to attendees of the Offshore Technology Conference in Houston.

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