Brazil’s Petrobras has begun oil production at its P-75 platform in the presalt area of the Santos Basin, the state-run oil company said Nov. 12.
The FPSO, located in the Buzios 2 oil field, will be able to produce up to 150,000 barrels per day of oil and six million cubic meters of natural gas, the company’s statement said.
P-75 is the fourth platform to start production this year. It follows the FPSO Cidade Campos dos Goytacazes in the Tartaruga Verde Field, the P-69 in the Lula Field and the P-74 in the Búzios Field.
There will be no seismic exploration this winter on the coastal plain of the Arctic National Wildlife Refuge (ANWR), the Interior Department said on Feb. 8, after the company seeking permission to conduct the tests ran out of time to get the required permit.
U.S. oil producers sought on Jan. 23 to soothe OPEC's worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts.
Several oil companies in Canada pushed back on Dec. 3 against Alberta's mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply on the curtailment plan.