Brazil's state-run oil company Petrobras expects to drill 65 new wells in 2016 and kept its forecast for average output during the year at 2.145 million barrels per day, the company said in a presentation after its quarterly earnings release on May 12.
The company reported a quarterly loss of 1.25 billion reais ($358 million).
($1 = 3.4816 Brazilian reais)
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