Petrobras innovation proves successful

A NEWLY minted well using cutting edge technology has boosted Petrobras oil production in the pre-salt layer of the Santos and Campos basins past 470,000 barrels of oil per day, setting a daily production record.

The Brazilian major achieved the record from 24 wells, nine of which are in the Santos Basin, giving an average productivity per well in the basin of 28,000bpd.