Back

LatinNews Daily - 11 February 2020

In brief: Brazil’s Petrobras posts 2019 production results

* Brazil’s state-owned oil company Petrobras has announced that it closed the year 2019 with “excellent operational performance”, as annual production averaged 2.77m of barrels of oil equivalent per day (boed), a 5.4% increase on 2018 production. In the fourth quarter of 2019, production averaged 3.025m boed, reaching a record 3.3m boed average in December. Petrobras notes that production in the 'pre-salt' deep water fields represents over half of the country’s total production and is expected to keep expanding. Petrobras also saw its oil exports increase by 25.2% in 2019, compared with 2018, and overall exports grow 24.2% year-on-year.

End of preview - This article contains approximately 106 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.