Executive Director for Exploration and Production Fernando Borges will take office as acting president of the state-run oil giant until the election and inauguration of the new president.
The Brazilian government was entitled to a portion of 18,800 bpd of total daily production, called Oil Surplus, provided for in the contracts for a sharing regime.
“This financial result is due to the fact that we now have a restructured Petrobras, which invests and operates efficiently,” said Petrobras president José Coelho.
The refineries are being used with a load close to the maximum projected. In March the company reached 91 percent of the total utilization factor of the park.
Also reported were a 14.3 percent surge in the sum of proven and probable reserves and a 19.8 percent growth in the sum of proven, probable, and possible.
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