Brazil’s Pre-Salt Responsible For Over Half of Oil Production

With the signing of another six pre-salt concession contracts officials expect production to increase even further in coming years.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – As Brazilian officials celebrated extremely positive pre-salt production, President Michel Temer signed on Wednesday concession contracts for another six pre-salt areas auctioned in October of 2017, raising expectations that production in those areas will increase even further in the years to come.

According to the National Petroleum Agency (ANP), the total oil production in Brazil in December of 2017 was of 3.325 million barrels of oil equivalent per day (boe/d), with 1,685 million boe/d (50.7 percent) coming from the pre-salt exploration areas . . .

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