Petrobras Starts Production in GOM

December 2, 2014

State-run Brazilian oil company Petrobras said on Tuesday it had started oil and natural gas production at its ultra-deep field in the U.S. Gulf, 280 miles (450 km) off the coast of Louisiana.

Petroleo Brasileiro SA as the company is officially called said the Jack/St. Malo production platform has can handle 170,000 barrels of oil a day and 1.2 million cubic meters of natural gas, rates that could be increased in the future.

The St. Malo hydrocarbon field is located along a geological formation known as the Walker Ridge in the Gulf of Mexico. The deposit sits 8,077 meters (26,500 feet) from the surface under 2,100 meters of water.

(Reporting by Reese Ewing; Editing by Peter Galloway, Reuters)

Logistics News

European Wheat Prices Jump to 17-Month High Amidst Renewed Black Sea Tensions

European Wheat Prices Jump to 17-Month High Amidst Renewed Black Sea Tensions

Ukraine to Protect Ports, Exports After Recent Russian Attacks

Ukraine to Protect Ports, Exports After Recent Russian Attacks

Port of Aberdeen Welcomes Longest-Ever Vessel

Port of Aberdeen Welcomes Longest-Ever Vessel

Sogese H2 Market Update Foreshadows Geopolitical Impact on Global Shipping

Sogese H2 Market Update Foreshadows Geopolitical Impact on Global Shipping

Subscribe for Maritime Logistics Professional E‑News

The busiest US container ports sets a record for cargo in June
US strikes Iran once again as Tehran warns about 'existential warfare' with America
United's profit in 2026 is at the high end of its forecast, despite a renewed fuel price surge