Petrobras to miss 7.5% growth target

摘要

Rio de Janeiro-State-run Brazilian oil com- pany Petrobras will fall short of its target of increasing crude oil production by 7.5% in 2014 amid construction delays at new produc- tion facilities and a shortage of specialized ships to hook up newly completed wells. Petrobras expects crude oil production to rise 5.5%-6% in 2014, according to Jose For- migli, director of exploration and production.