Brazil’s oil production reached 3.03 million barrels per day (bpd) in January, an increase of 5.5% year-on-year, buoyed by pre-salt and post-salt areas, according to data provided by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Monthly oil output also rose 6.8% from December. It is the first time that Brazilian pumping surpasses 3 million bpd since September 2021. Brazil’s natural gas output averaged 136.97 million cubic meters per day (m³/d) in January, up 0.4% from 2021 and 3.6% from December. Combined oil and natural gas production was 3.89 million barrels of oil equivalent per day (boed), versus 3.73 million boed in January last year and 3.67 million boed in December. Petrobras, the country’s main producer, pumped an average of 2.2 million bpd in January, up 2.8% from a year earlier.
Sources: Reuters/Noticias Agricolas (*Translated by Ia Niani)