São Paulo – Average daily oil production in Brazil in May reached 2.072 million barrels, 1% more than in April and 0.2% less than in May 2010. The information was disclosed this Friday (1st) by the National Petroleum, Natural Gas and Biofuel Agency (ANP).
Natural gas extraction averaged at 66.7 million cubic metres per day, a 6.6% increase over April and a 7.4% increase over May of last year. Total hydrocarbon production in Brazil reached 2.491 million barrels of oil equivalent per day, as against 2.445 million in April.
According to the ANP, the figures include the activities of 23 companies operating in 303 concessions, of which 80 are offshore and 223 are onshore. The state-owned Petrobras is, by far, the holder of the largest reserves in the country.
*Translated by Gabriel Pomerancblum
