BG Brazil Reached a Record of 100 Thousand Boepd

Source: www.gulfoilandgas.com 11/7/2014, Location: South America

BG Brazil reached a record production of 100 thousand barrels of oil equivalent per day (boepd) in October. The result, which considers only the portion of BG Brazil, due to a significant increase in the production of oil and gas in pre-salt Santos Basin, where the company has interests in three blocks in partnership with Petrobras, including large discoveries like Lula, Iracema, Sapinhoa, Iara and Lapa.

In the third quarter of this year, the average production was 81,000 boepd. The company has achieved high success rate in drilling program together with partners, positioning the BG Brazil as the largest private producer of oil and gas in the country.

The achievement comes in the same year that BG Brazil celebrates its 20th anniversary. The commitment to the country is enhanced by a plan for long-term investment: about $ 3 billion per year in the coming years. Since the company arrived in Brazil in 1994, more than $ 8 billion has been invested.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


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