Petrobras’ 4th Quarter Production Exceeds Three Million Barrels for First Time

The improvement was achieved through eight new systems that started production in 2018 and 2019 in the offshore fields of Búzios, Lula, Berbigão and Sururu, and Tartaruga Verde.

RIO DE JANEIRO, BRAZIL - Petrobras' production (PETR3; PETR4) in the fourth quarter of 2019 was 3.025 million barrels of oil equivalent per day (BOE/D), up 13.7 percent from 2.660 million BOE/D in the same period last year. This was the first time the company exceeded 3 million barrels in a quarter.

In the year 2019, the state-owned company produced an average 2,770 million BOE/D, a . . .

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