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Brazil's Libra Oil Field To Begin Production In September


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.