Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

Iran Creates Oil Bonanza for the Americas

Iran Creates Oil Bonanza for the Americas

New Zealand, US to Fund Cook Islands Port Upgrade

New Zealand, US to Fund Cook Islands Port Upgrade

Cheniere Exports 5,000th LNG Cargo

Cheniere Exports 5,000th LNG Cargo

Russian Wheat Exports Rise in Price as Black Sea Supplies Dwindle

Russian Wheat Exports Rise in Price as Black Sea Supplies Dwindle

Subscribe for Maritime Logistics Professional E‑News

Ares raises the largest amount of money for its unit, $4 billion, to benefit Japan Logistics Fund
GLP Japan raises $3.76 billion to build logistics centers, Nikkei reports
New Zealand and the US fund Cook Islands port upgrades