OIL PRODUCTION IN BRAZIL HITS RECORD IN 2019

Brazil’s oil production in December was 3.107 million barrels per day, according to data from the National Agency for Petroleum, Natural Gas and Biofuels (ANP), released on Wednesday. The volume is 0.52% higher than in November last year. In the accumulated 2019, oil production surpassed, for the first time, the 1 billion barrels mark. According to ANP data, total oil production in Brazil in 2019 was 1.017 billion barrels. Total oil and gas production last month last year totaled 3.973 million barrels of oil and equivalent (BOE) per day. Natural gas production in December reached 137.8 million cubic meters per day, up 0.86% compared to the previous month. Also according to the ANP, oil production in areas where Petrobras is an operator reached 2.826 million barrels per day in December, up 1.2% compared to November. According to the agency, pre-salt oil production in December was 2.118 million barrels per day, up 2.7% compared to November. Pre-salt oil production accounted for 68% of the country’s total production. Also considering the production of natural gas, the total production in the pre-salt, of 2.655 million BOE daily, accounted for 67% of the total production of Brazilian oil and gas in December.

Source: Valor