Gas flaring down to lowest in last 11 years

Posted By: Religare
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Gas flaring down to lowest in last 11 years
The increased gas consumption at the production site and gas injection at offshore fields is reducing the gas flaring in Brazil. The natural gas flaring has dropped to lowest in the past 11 years.

Brazilian National Petroleum Energy in its monthly bulletin published that the gas flaring has reached 2.9 million cubic metres per day in the month of April. The reduction in flaring is close to 22% compared to last month and 59% compared to same period last year.

Despite the drop, state oil giant Petrobras has flared 428,000 cmpd in April followed by Roncador's 274,000 cmpd and Lula pre-salt field with 218,000 cmpd.

Total oil output fell to 2.445 million barrels of oil equivalent including 62.5 million cmpd of gas. Out of 20 oil fields in the country, 17 are controlled by Petrobras.

Read more about: oil and gas, crude, investment, offshore
Story first published: Thursday, June 2, 2011, 13:30 [IST]
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