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03/07/2017 - 15:52hs
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Pre-salt drives oil output for 3rd year

Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.



Pre-salt drives oil output for 3rd year

Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.

Agência Brasil*

Rio de Janeiro – Driven by oilfields in the Santos Basin pre-salt layer, oil production in Brazil increased for the third back-to-back year. The National Agency for Petroleum, Natural Gas and Biofuels (ANP) reported that output was up 3.2% to 2.5 million barrels per day (bpd) last year.

Pre-salt oil production averaged at 1 million bpd in 2016, up 33.1% from 2015.

Oil exports from Brazil reached 798,200 bpd, the highest level on record and up 8.3% from 2015. Higher domestic output led to a 44.9% drop in oil imports, to 178,600 bpd.

*Translated by Gabriel Pomerancblum

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