Petroleo Brasileiro SA Sponsored ADR (BMFBOVESPA:PETR3) said Buzios field hit a record 1.2m barrels/day while unveiling a Brent‑linked gas pricing formula with floors/ceilings that, after distributor contract changes, cut August gas increases from about 22% to roughly 6%.
Previous Week Recap
- Buzios Produces Record 1.2M Bpd: Petroleo Brasileiro SA (PETR3): Buzios offshore field hit a record 1.2 million barrels per day production; company reported the figure without further operational or financial details.
- Gas Pricing Formula Linked To Brent: Petrobras (PETR3) set a pricing formula linking gas to Brent with floors/ceilings; distributors who amend contracts see August gas rise cut from ~22% to 6%.
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