LatinNews Daily - 17 January 2022

In brief: Brazil’s Petrobras revises 2022 production target

* Brazil’s state-owned oil company Petrobras has announced that it has met its 2021 production target and that it is trimming its target for 2022. In a statement, the company said that average oil and gas production in 2021 was 2.77m barrels of oil equivalent per day (boed), of which 70% came from the deep-water pre-salt fields - it had set a target of 2.72m boed with a 4% tolerance range. Petrobras also announced a revision of its production target for 2022, from 2.7m boed to 2.6m boed, as a result of recent bidding rounds which saw the company sign a production-sharing agreement for the Sépia and Atapu fields.

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