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Brazil Petrobras Q3 production fell, but sales jumped

RIO DE JANEIRO, BRAZIL - Despite dropping against the average of 2.95 million barrels of oil and natural gas extracted per day in the third quarter last year, production between July and September 2021 grew by 1.2% when compared to the second quarter (2.80 million barrels per day), according to the company's operational balance released Wednesday (20).

The reduction in production in the annual comparison was attributed to the company's divestment process, which has sold a number of concessions of little strategic interest but in which it still produced significant volumes.

The majority of concessions sold . . .

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