Brazil’s Petrobras Surpasses Production Target in 2015

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazilian oil giant Petrobras surpassed its annual petroleum production target for the first time in thirteen years in 2015, producing a volume of 2.128 million barrels per day, according to the company. The annual average production in the pre-salt layer was the largest in history, surpassing 2014 production by 56 percent.

“The result is important to demonstrate the company’s large operational capacity, even in an adverse global scenario for the oil and gas sector,” stated Petrobras President, Aldemir Bendine, in a press release on Friday. Bendine also . . .

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