15 May 2010

BRASIL: Petrobras Predicts 22% Increase In 2010 Oil Production.

REUTERS/      Petrobras estimates it will increase oil output by around 22% in 2010 as it ramps-up production in its deep subsalt fields. It also
announced two discoveries with a potential of more than 9 billion barrels of oil.  Also included in the estimate are 80,000 bpd  that will come from the deep water in the  U.S.'s Gulf of Mexico Chinook field.