Brazil’s Petrobras continues to reduce subsalt operating costs

摘要

Rio de Janeiro-Brazilian state-led oil company Petrobras continues to cut operating costs in the country’s subsalt frontier, keeping output from the promising region profitable in the face of low oil prices, according to a regulatory filing made Tuesday. “The performance of subsalt production systems has been better than initial expectations, with higher global productivity and lower expenditures than originally planned,” Petrobras said. According to Petrobras, lifting costs for the subsalt fields were $8.50/b in 2015 compared with $9.10/b in 2014.