Brazil’s Oil Production Sees Second Monthly Decline in January
In January, Brazil’s oil production fell 1.8% to 3.519 million bpd, marking its second consecutive monthly decline.
Yet, this figure represents a 7.5% increase from the previous year, thanks to progress in the pre-salt regions.
Petrobras, the national oil company, produced about 2.25 million bpd in January, showing a 7.37% rise from the same month in 2023.
Shell, the next leading producer, saw its output drop by 4.23% to around 361,420 bpd. TotalEnergies, in third place, increased its production to 143,634 bpd, up by 4.48%.
Natural gas production also grew to 153.93 million cubic meters daily, a 7.6% annual increase but a slight drop from December.
Together, oil and gas production reached 4.487 million barrels of oil equivalent per day (boe/d).
Pre-salt layers, vital to Brazil’s oil sector, accounted for 75.5% of January’s 3.389 million boe/d production.
This was a slight decrease from December but a 7% increase from January 2023.
However, the pre-salt yielded 2.670 million bpd of oil and 114.32 million cubic meters of natural gas from 148 wells.
Tupi field in Santos Basin’s pre-salt layer led, producing 751.31k barrels of oil and 37.09m cubic meters of gas daily.
This ongoing trend highlights Brazil‘s dynamic energy landscape, with the pre-salt region playing a pivotal role in shaping the country’s oil and gas production capabilities.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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