An average of 440 thousand barrels per day at a reduced cost of $ 18.3 per barrel was produced in the first months of production. The highest cost peak was recorded in 2012: $ 30.6. Domestic production in July was roughly 541,000 bpd, including oil extracted by private companies (118,000 barrels). Of that amount, Petroamazonas contributed with 442 thousand barrels, which is equivalent to 78% of the total. The Ministry of Hydrocarbons projects that the participation percentage will maintain the trend until the end of the year.
Another indicator that reflects the efficiency of the state oil company is the increase in well drilling. In 2011 an average of 3,526 wells was drilled per day, now reaching 8,271. “This is achieved with a significant reduction in the number of wells drilled, which reduces investment costs and manages more efficiently the public resources allocated to the company,” Petroamazonas said in a statement. (I)