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Stock impact report

Shell sees peak production for Brazil's giant Lula oilfield in 2020, 2021 [Seeking Alpha]

Petroleo Brasileiro S.A.- Petrobras (PBR) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Seeking Alpha
Royal Dutch Shell ( RDS.A , RDS.B ) says Brazil’s Lula offshore oilfield - the country's most productive - should hit peak production in 2020 or 2021 , after reaching 1M boe/day next year. The production increase next year will be helped by the launch of platforms P-67 and P-69, which should go online in 2019, says Cristiano Pinto da Costa, Shell’s general manager for the Santos basin. The Lula field, which is operated by Brazil's Petrobras (NYSE: PBR ) in a consortium with Shell and Portugal’s Galp, averaged 879K boe/day as of July. Click to subscribe to real-time analytics on PBR Now read: Sector And Industry Analysis For Companies In The Brazilian Index IBrX 50 CNT.2 » Subscribe for full text news in your inbox Show less Read more
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