BRAZILIAN OIL PRODUCTION INCREASED 9% IN JUNE AND RETURNED TO THE LEVEL OF 3 MILLION BARRELS A DAY

Jul 21, 2020

Brazilian oil production resumed growth in June, after four months of stagnation. According to new data from the National Petroleum Agency (ANP), Brazil extracted 3.01 million barrels of oil per day, an increase of almost 9% compared to the previous month.

This was the first time that national production returned to the level of 3 million barrels per day, a level that was last reached in January this year. From February to May, oil production in the country has accumulated some declines. In May, for example, this fall was 6.5%.

Returning to the recent figures for June, the ANP also informed that the production of natural gas also grew, totaling 128.4 million cubic meters per day, an increase of 12.33% compared to the month of May.

Meanwhile, the pre-salt grew 13% using the same basis of comparison. In all, the wells in the pre-salt layer produced 2.6 million barrels of oil equivalent / day throughout the month – corresponding to 2.1 million barrels of oil daily and 86.7 million cubic meters per day. Pre-salt corresponded to 69.89% of Brazil’s total production.

The platform with the highest oil production was the P-75, totaling 163 thousand barrels / day. In natural gas, the plant with the highest production was the FPSO Cidade de Itaguaí – 7.5 million cubic meters / day.

Source: PetroNoticias

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