RIO DE JANEIRO, BRAZIL – Brazil’s average oil production totaled 2.73 million barrels of oil per day (b/d) in February, a drop of 8% compared to the same month last year, according to data from the National Petroleum, Natural Gas and Biofuels Agency (ANP), released on Wednesday, March 17th.
Combining oil and gas production, the country produced an average of 3.55 million barrels of oil equivalent (BOE/d) in the second month of the year, down 6% compared to last year.
Petrobras’ oil production dropped 2.6% in February, compared to January. The reason for the drop is not readily clear. Of the total produced, a volume of 2.6 million BOE/d, or 73%, came from the deepwater pre-salt fields.
According to the regulatory agency, it was “the highest percentage of pre-salt share in national production ever recorded.” The Búzios and Tupi offshore fields, both in the Santos Basin, are the largest producers in Brazil.
Source: G1
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
Brazil runoff, Sunday, October 25: Brazil runoff date. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.