Oil production in Brazil surpasses 1 billion bbl in 2019
Total oil production in Brazil in 2019 was 1.018 billion barrels, an increase of 7.78% compared with 2018 levels when 944.117 million barrels were produced, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels said on the 22nd January
Total natural gas production in 2019 was 44.724 billion cubic metres (cu m), an increase of 9.46% over the 40.857 billion cu m recorded in 2018.
In 2019, the pre-salt 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 with 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 December 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, totalling 2.655 MMboe/d, of which 2,118 million b/d of oil and 85.4 million cu m/day of natural gas.
Compared with 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.
Source: Oil & Gas Journal