Oil production in Brazil grows for the fourth consecutive year

Oil production in Brazil grows for the fourth consecutive year

Chamber Articles Category: Energy Post Date: 07/03/18 Source: Datagro By: Datagro
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Oil production in Brazil grew for the fourth consecutive year on reaching 2.6 million barrels per day in 2017, a rise of 4.2% over the previous year, according to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

According to an ANP report, the increase was led by the supply of pre-salt oil, which reached an average of 1.3 million barrels per day in the year, about 50% of the national production. Natural gas increased by 5.9% and gas extracted from the pre-salt increased the share in the national total and corresponded to 45.3% of the total produced.
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