São Paulo – Brazil produced 1.018 billion barrels of oil in 2019, up 7.78% from 2018, the National Agency for Petroleum, Natural Gas and Biofuels (ANP) reported last Wednesday (22). Annual production surpassed the 1-billion mark for the first time.
Natural gas production reached 44.7 billion cubic meters, up 9.46% year on year.
Most of the oil and natural gas came from the pre-salt fields – ultradeep sea reserves in Brazilian coast. Output reached 633.98 million barrels of oil in the pre-salt, up 21.56% from a year before. The previous record had been beaten in November 2019. Gas volume reached 25.9 billion cubic meters, up 23.27% year on year.
In December 2019, oil output reached 3.106 million barrels per day, a record high, up 15.44% from a year before. Natural gas extraction was also all-time high, at 137.8 million cubic meters, up 21.19% from a year before.
Translated by Guilherme Miranda
