Petrobras posts record output in October

• Petrobras (PBR +1.1%) says its total oil and gas production in Brazil and elsewhere reached 2.795M boe/day in October, up 0.5% from September and a new quarterly record.
• Oil production in Brazil rose 0.4% from the previous month to 2.126M bbl/day, also a new record and the ninth straight month of increasing output.
• Most of the increase came from the ramp up of two platforms at the Roncador field and one platform at the Whale Park field; both fields are located in the offshore Campos Basin, which holds more than two-thirds of PBR's total proved hydrocarbon reserves in Brazil.