RIO DE JANEIRO, BRAZIL - Oil production in Brazil increased 5.5% in 2020, according to the Monthly Oil and Gas Production Report, released February 2nd by the National Petroleum, Natural Gas and Biofuels Agency (ANP). Accumulated growth has reached 17.1% since 2016.
The release also reports that natural gas production increased 4.1% over 2019, and has grown 23.1% since 2016.
The report published yesterday by ANP includes data on the month of December and all of 2020. Average oil production in the country reached 2.94 million bpd (barrels per day) in 2020, while natural gas reached . . .