PETROBRAS OUTPUT GROWS BY 2% IN Q4 2023

Petrobras has recently released its financial results for the fourth quarter of 2023, with an average daily output of 2.94 million barrels of oil equivalent (boed), an increase of 2% compared to the previous quarter. The company also reported a 3.5% increase in its oil production in the pre-salt during the same period, reaching 1.937 million boed. This positive performance is attributed to the successful ramp-ups of the platforms and new wells. Petrobras has also achieved record-breaking results in total production and pre-salt, as well as notable improvements in energy efficiency and reduced greenhouse gas emissions. In 2023, the annual oil and natural gas production increased by 3.7% compared to 2022.
Source: Agência Brasil (*Translated by Ia Niani)