Apr 20, 2016
Petrobras’ output down in March, but maintains 2016 goal
Brazil’s Petroleo Brasileiro SA said on Wednesday that output dropped 3.7 percent in March to 2.55 million barrels of oil and equivalent natural gas a day from February.
Petrobras, as the state-run company is known, said the drop in output was due to stoppages for maintenance work and a fire at an offshore platform. The company produced 2.65 million boepd in February.
The company said it will be able to reach its 2016 goal of producing 2.145 million barrels of oil per day as two new floating production storage and offloading units start operations.
(Reporting by Alonso Soto; Editing by Jonathan Oatis)