Brazil oil output mark may be first of several

Petroleo Brasileiro SA set a daily oil production record May 25 when the company’s output in Brazil was 1.87 million bbl.Petrobras said the record is “based on the increased recovery of fields located in mature areas in the North and Northeast of the country, as well as the exceptional operating performance of the Campos basin fields.”The May 25 record was 13,000 b/d more than the previous record set on Dec. 19, 2005, 4.2% higher than the April 2006 average, 6.2% higher than the 2006 daily average, and 11% above the 2005 average.Campos fields supplied 82.4% of the company’s production on the day of the record, including the P-50 platform that recently started produ...

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