Plan forecasts continued increases in Brazilian production

Petroleo Brasileiro SA’s (Petrobras) new 5-year plan (2007-11) shows Brazil’s oil production increasing to 2.374 million b/d in 2011 from 1.684 million b/d produced in 2005. It also expects production to increase further to 2.812 million b/d in 2015.The plan forecasts gas production increasing to 70 million cu m/day in 2011 from 27.5 million cu m/day in 2006. Click here to enlarge imageDuring 2006-11, fields coming on stream off Brazil include several light crude discoveries in the Espirito Santo basin as well as additional sections of the large fields in the Campos basin. Figs. 1 and 2 show the major oil and gas development projects contributing new production. Click here t...

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