Brazil's Libra Oil Field To Begin Production In September

Oil

Oil production from the first rig operating in one of Brazil's largest oil reserves, Libra, is expected to start between late September-October with an initial output of 30K b/d, after a delay from the original schedule of July due to technical problems, Reuters reported. According to ANP, the country's oil regulator, the Libra oil field, has recoverable volumes ranging between 8-12 billion barrels.