Brazil's federal energy company Petrobras (NYSE: PBR) expects its Parque das Conchas offshore project in the Campos basin to start operations in 2009 at a rate of 100,000b/d oil.
"It's one of our major projects for next year," company E&P general manager José Jorge de Moraes Júnior said in Rio de Janeiro on the sidelines of the 12th Brazilian Energy Congress.
Parque das Conchas is in an area formerly known as BC-10 and previously was scheduled to begin operations in 2010.
Anglo-Dutch oil company Shell (NYSE: RDS-B) operates Parque das Conchas with a 50% stake. Petrobras holds 35% and Indian group ONGC the remaining 15%.
Meanwhile, output at the Frade field, operated by US oil major Chevron (NYSE: CVX), is due to start in 2009, according to Moraes. Petrobras has a 30% stake in Frade.
Chevron previously has said Frade could reach 85,000b/d in 2011.
Production from foreign oil companies will reach 400,000b/d in Brazil by 2012, Moraes said.
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