With 2.6 million barrels per day in 2017, oil production in Brazil grows for the fourth consecutive year

Oil production in Brazil grew for the fourth consecutive year, reaching 2.6 million barrels per day in 2017, up 4.2% over the previous year, according to data from the National Petroleum, Natural Gas and Biofuels Agency (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.

Due to the increase in domestic production in 2017, Brazil reduced its need to import petroleum by 16.4%, to an average of 149.2 thousand barrels / day, while exports reached the highest value in the historical series, 996.6 thousand barrels / day, an annual increase of 24.8%.

Natural gas production reached 109.910 million cubic meters per day in 2017, an increase of 5.9% compared to 2016. Once again there was a significant participation of the pre-salt fields, which last year accounted for 45, 3% of all the gas extracted in the country’s fields.

In the biofuels sector, ethanol production remained practically stable, reaching 28.611 billion liters, slight decrease of 0.28% on the 28.692 billion manufactured in 2016. Production of biodiesel was 12.9% higher than the previous year , mainly due to the increase of the blend content in diesel oil to 8%.

Source: TN Petroleo

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