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Petrobras (NYSE:PBR) mentioned late Monday its Q3 mixed crude and pure gasoline manufacturing rose nearly 8% Y/Y to three.98M boe/day from the tasks it operates.
The Brazilian firm attributed the rise to the ramp-up of two offshore platforms within the Santos Basin and two extra within the Campos Basin, in addition to fewer stoppages from platform upkeep within the interval.
Petrobras (PBR) additionally mentioned its 9 refineries collectively achieved a 97% utilization price in September for the second straight month.
The sturdy efficiency in August and September culminated in a complete utilization issue of 95.8% for Q3, marking the best utilization price since 2014.
Petrobras (PBR) mentioned its Paulinia refinery, the biggest in Brazil with a capability of 434K bbl/day, set a brand new document in September, processing the best quantity of crude oil since February 2015, attaining a complete utilization issue of 98.4%.
Individually, Excelerate Vitality (EE) mentioned Tuesday it signed a 10-year contract with Petrobras (PBR) to constitution the Sequoia floating storage and regasification unit for work offshore Brazil.