OIL PRODUCTION ROSE 3.1% IN OCTOBER

Total monthly production was 4.180 million barrels per day (boe/d), of which 3.245 million barrels of oil per day (bbl/d) and 148.747 million cubic meters of natural gas per day (m3/d). Oil production increased by 3.1% compared to the previous month and 16.8% compared to October 2021. Natural gas production increased by 4% when compared to September and 12.9% when compared to the same month of the previous year. It was the largest oil and natural gas production ever recorded in Brazil. The month with the highest oil production was January 2020, when 3.168 million bbl/d were produced.

Source: DATAGRO (*Translated by Ia Niani)