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Brazilian oil output breaks record

Staff writer ▼ | August 11, 2014
Brazilian oil output reached a record 2.246 million barrels per day (bpd) in June and exceeded previous record of 2.231 million bpd in January 2012, the National Agency of Petroleum (ANP) reported.
Brazil oil gas
Oil and gas industry   90% of the oil and natural gas came from Petrobras
Output is up 2.6% from May 2014. Natural gas output reached 88.6 million cubic metres (m3), up 2.4% from May's production of 84.5 million m3 per day.

Overall, oil and natural gas output in Brazil reached 2.79 million barrels of oil equivalent per day (boe/d) in June, exceeding May’s output of 2.721 million barrels.

Pre-salt output increased by 6.2% from May and reached 583,200 boe/d, with 478,000 barrels of oil and 16.7 million m3 of natural gas.

According to the ANP, the usage of natural gas in the month reached 95.1%. Around 90% of the oil and natural gas output originated from oilfields operated by Petrobras.

Nearly 92.4% of the oil output and 73.5% of the natural gas output in Brazil originated from offshore fields. The Roncador field, in the Campos Basin, had the largest output of oil, averaging at 256,200 bpd. The largest producer of natural gas was the Mexilh?o field, in the Santos Basin, which averaged at 6.6 million m? per day.

The ANP also reported that, in June, 303 concessions, held by 24 companies, accounted for the Brazilian domestic production. Of those, 82 are offshore concessions and 221 are onshore ones.