Brazil’s pre-salt layer oil production reaches 129,000 barrels per day

27 September 2011

Rio de Janeiro, Brazil, 27 Sept – Oil production from Brazil’s pre-salt layer has reached 129,000 barrels per day, the planning director for the exploration and production department of Petrobras, Mauro Yuji said.

According to Petrobras, Yuji also said that the success rate of exploration in the pre-salt layer stood at 80 percent whilst the market average was no more than 30 percent.

Yuji was speaking during the congress on exploration and production in the pre-salt layer, which took place in Rio de Janeiro.

The pre-salt layer is located below a layer of salt over 1,000 metres thick found 5,000 metres below sea level and the largest oil strikes of the last 30 years were made there.

Meanwhile the Brazilian National Oil, Natural Gas and Biofuel Agency Monday gave out fines totalling 50 million reals (US$27 million) to four international oil companies for not using the stipulated amount of Brazilian manufactured goods in their businesses.

Royal Dutch Shell, AP Moeller-Maersk, Angola’s Sonangol and Portugal’s Galp Energia were the companies found not to be in compliance with Brazilian legislation, according to financial news agency Bloomberg. (macauhub)