Brazil’s oil production rises 11.2% in May to reach 3.2 million barrels per day
In May, Brazil experienced a significant 11.2% boost in oil production compared to the same period in 2022, resulting in a daily output of 3.2 million barrels.
This marks a 1.9% increase from April, as announced by the authorities.
According to the National Petroleum Agency (ANP), the primary source of this production surge remains the deepwater offshore fields situated in the Atlantic Ocean.
These fields contributed 3.19 million barrels per day, accounting for an impressive 77.8% of Brazil’s total hydrocarbon production.
Among the offshore fields, the Tupi field, which focuses on oil and gas exploration, maintained its status as the country’s most vital asset.
It achieved a daily production of 835,370 barrels, alongside 40.6 million cubic meters of natural gas.
The ANP’s statistics, reported by Efe, encompass the exploration outcomes of 48 companies operating in Brazil across 256 concession areas.
In 2022, Brazil set a new record for hydrocarbon production, surpassing the mark of 3.02 million barrels per day, along with an average daily yield of 138 million cubic meters of natural gas.
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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief