Petrobras says 2014 output to grow 7.5%

摘要

Rio de Janeiro—Brazilian state-run oil company Petrobras still expects crude oil output to grow 7.5% year-on-year in 2014, despite delays installing new platforms and building vessels at shipyards in Brazil and abroad. “We are going to reach our production target this year,” CEO Maria das Gracas Silva Foster said during a conference call Monday, citing the delivery and installation of the Cidade de Mangaratiba and Cidade de Ilhabela floating production, storage and offloading vessels, or FPSOs. “The increase in production is right in front of us.”