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Brazil’s Petrobras sets fourth oil output record in a row

January 16, 2018 by

State-run oil giant Petrobras produced an average of 2.15 million barrels-per-day of crude oil in Brazil in 2015, a new record and the fourth annual record in a row, the company said Tuesday. Output was up 0.4% over 2016. Production has been rising in recent years as new sites in the ultra-deep pre-salt region come on stream. The pre-salt region accounted for roughly half of Brazilian crude oil output in 2017. Petrobras expects to boost production again in 2018. The company will launch eight new offshore oil drilling platforms this year, a record.

Link to Petrobras release

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