São Paulo – In 2011, Brazil’s oil giant Petrobras had oil and gas production of 2.376 million barrels of oil equivalent a day (boed). This volume is a historic record for the company, and is 1.6% greater than production in 2010.
Exclusive production of oil was also record, with a daily average of 2.021 million barrels, exceeding the average production in 2010 by 17,600 barrels. The volume of natural gas produced in Brazil, in turn, was 56.37 million cubic metres a day, 6.2% more than in 2010.
Abroad, Petrobras produced an average of 16.538 million cubic metres of natural gas a day, growth of 3.3% in comparison with 2010. Average production of oil was 147,510 barrels a day, 2.5% less than in 2010. Total production in the country was equivalent to 244,850 boed, 0.2% lower than production in 2010.
When added to Brazil’s production abroad, the Petrobras average daily production in 2011 was 2.621 million barrels of oil equivalent, 1.4% more than in 2010.
*Translated by Mark Ament
