Petrobras (PBR +2%) says it has started oil production at the Baleia Azul presalt field in the...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR +2%) says it has started oil production at the Baleia Azul presalt field in the Campos Basin offshore Brazil. The first well at the field started pumping ~20K barrels of light crude oil late Monday to the Cidade de Anchieta FPSO vessel, one of several ordered by PBR to exploit Brazil's pre-salt riches. Output at the field is expected to peak at 100K bbl/day by Feb. 2013.