Petrobras posts slight drop in first-quarter oil and gas output
RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier. Petrobras' oil production in Brazil fell by 1% year-on-year, to 2.21 million barrels per day (bpd), said the firm, adding that the Almirante Tamandare floating production vessel (FPSO) started producing in February at the country's Buzios field. "The start of operations of the FPSO Almirante Tamandare is strategic for Petrobras and represents a sustainable expansion of production," said Renata Baruzzi, head of engineering, technology and innovation in Petrobras' sales and output report.