Petrobras – Highlights on production and sales in 4Q19

February 10th, 2019

After several years of stagnation, we have delivered an excellent operating performance. Reaching daily, quarterly and annual oil and gas production records.

In 4Q19, oil and gas production reached 3.025 million barrels of oil equivalent per day (MMboed), which represents a new landmark in Petrobras history, as we break through the 3.0 MMboed barrier in a quarter for the first time.

In 2019, we recorded an average production of 2.770 MMboed, reaching the upper limit of the target set for 2019, of 2.7 MMboed, with a variation of 2.5% up or down, increasing 5.4% in relation to 2018. Oil production in Brazil was 2.172 MMbpd, exceeding the target of 2.1 MMbpd.

The operating result for the year reflects the better results in 2H19, driven by the ramp-up of new production systems, which more than made up for the challenges faced in 1H19.

Read Full Report: Relatorio-de-Producao-4T19-Ingles-final

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