Brazil Oil And Gas Production Reach Record Highs In September

7 Nov 2016   Brazil

The Brazilian government on Friday reported that its oil and gas production rose to record levels in September with a total oil equivalent of 3.36 million barrels per day (bpd). According to data from the Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP) energy regulators, September oil output reached 2.67 million bpd, which represents a monthly jump of 2.4 percent and an annual increase of 11.5 percent. Production from the offshore Lula oil field located in the Santos basin grew to 639,700 million bpd in September; thus, beating the monthly record for a Brazilian oil field previously obtained by the Marlim site in 2002. While oil output rose for the fourth straight month, natural gas production in September climbed to 110.4 million cubic meters per day (cmd). This represents 1.5 percent more than the mount reached in August and a 13.4 percent spike compared to September […]

Comments are closed.