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2018-12-05 09:45:00

BRAZILIAN OIL PRODUCTION UP 5%

BRAZILIAN OIL PRODUCTION UP 5%

PLATTS - Brazil's domestic crude oil output rose for the first time in five months in October as production from the subsalt region continued to grow and fewer floating production units were idled by maintenance shutdowns during the month.

Oil production averaged 2.614 million b/d in October, jumping 5.2% from 2.486 million b/d in September, Brazil's National Petroleum Agency, or ANP, said late Monday. October's output, however, was down 0.5% from 2.627 million b/d in October 2017, the ANP said.

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Tags: BRAZIL, OIL, GAS, PRODUCTION, PETROBRAS

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