Petrobras Jan 2011 output grows 5.4% Y/Y.

(ADPnews) - Feb 23, 2011 - Brazilian federal oil and gas giant Petrobras (SAO:PETR3; NYSE:PBR) produced a total 2.662 million barrels of oil equivalent (boepd) in January 2011, up 5.4% year-on-year, the company said yesterday.

Considering only the fields in Brazil, the company's average oil and gas output reached 2.443 million boepd, a rise of 6% in annual terms.

As a result of scheduled stopps of platforms, the output was 2.7% lower than the volume produced in December 2010.

The oil output in domestic fields totalled 2.069 million barrels per day (bpd). The figure shows a 4.9% rise compared to January 2010 and a 2.5% drop compared to December 2010, when …