Brazil May oil, natural gas output rises 10 pct from year ago

miércoles 1 de julio de 2015 15:05 GYT
 

RIO DE JANEIRO, July 1 - Brazil's oil and natural gas output rose 10 percent in May compared with a year earlier as new offshore oil output from the Santos Basin south of Rio de Janeiro came on line, industry regulator ANP said in a statement on Wednesday.

Forty-four oil-rights concession holders produced 2.998 million barrels of petroleum and equivalent natural gas per day (boepd) in the month.

Output was 0.3 percent higher than in April.

Oil output alone rose 10 percent to 2.412 million barrels per day compared with a year earlier and 0.7 percent more than in April.

Natural gas output rose 10.2 percent to 93.1 million cubic meters (3.28 billion cubic feet) a day compared with a year earlier and was 1.3 percent lower than in April.

Brazil's state-run Petroleo Brasileiro SA remained the largest producer with 2.506 million boepd in the month, or 83.6 percent of the country's production, down from 84.6 percent in the previous month, 85 percent a year ago and 0.8 percent more than in April.

BG Group Plc, which is in the process of being taken over by Royal Dutch Shell Plc was the No. 2 producer with 163,411 boepd of output, more than double the 77,808 boepd recorded in May 2014 and 2.5 percent less than in April.

Together, Shell, the No. 4 Brazilian producer, and BG had 212,252 boepd of output in Brazil in May. (Reporting by Jeb Blount; Editing by Chris Reese)