2020-01-29 12:40:00
BRAZIL'S OIL PRODUCTION 1 BLN BBL
OGJ - Total oil production in Brazil in 2019 was 1.018 billion barrels, an increase of 7.78% compared to 2018 levels when 944.117 million barrels were produced, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels said Jan. 22. Total natural gas production in 2019 was 44.724 billion cu m, an increase of 9.46% over the 40.857 billion cu m recorded in 2018.
In 2019, the presalt produced 633.980 million bbl of oil and 25.906 billion cu m of natural gas, increases of 21.56% and 23.27%, respectively, compared to 2018 production, when 521.543 million bbl of oil and 21.016 billion cu m of natural gas were produced.
In December 2019, oil production was 3.106 million b/d, exceeding the record recorded in the previous month by 0.52% and that of Dec. 2018 production by 15.44%. Natural gas production also surpassed the previous month's record, registering an increase of 0.87% and reaching an average of 137.8 million cu m/day. The number was up 21.19% year-over-year.
Pre-salt production in December represented 66.82% of national production, totaling 2.655 MMboe/d, of which 2,118 million b/d of oil and 85.4 million cu m/day of natural gas. Compared to November, total production increased 2.58% and 40.62% year-over-year. Lula field, in the Santos basin, was the largest producer of oil and natural gas, registering 1.074 million b/d of oil and 45 million cu m/day of natural gas.
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Earlier:
2019, October, 23, 11:30:00
$50 BLN FOR BRAZIL
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.
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2019, September, 11, 11:30:00
BRAZIL'S OIL: $26 BLN
Brazil has announced the rules for an auction of oil drilling rights worth $26bn, setting the stage for Latin America’s top crude producer to become an even bigger player in the global market.
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2019, May, 30, 17:45:00
BRAZIL'S OIL UP
Brazil has seen its exports of crude grow from 734,000 b/d in 2015 to 1.3 million b/d in Q1 of this year. In contrast, Mexico, which was once a powerhouse of oil production, has maintained its export status only through curtailment of domestic refining, not increased crude oil output.
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