• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 22 mins Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 4 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 3 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 4 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 2 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 2 days Nord Stream - US/German consultations
  • 408 days Class Act: Bet You've Never Seen A President Do This.
  • 4 days An Indian Opinion on What is Going on in China
  • 4 days Can Technology Keep Coal Plants Alive and Well?
  • 1 day Forecasts for Natural Gas
  • 2 days Australia sues Neoen for lack of power from its Tesla battery
  • 4 days Storage of gas cylinders
  • 5 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Brazil’s Oil Production Jumps 20% To New Record In January

Brazil’s oil production jumped by 20.4 percent on the year to set a new production record of 3.168 million barrels per day (bpd) in January, thanks to the prolific pre-salt basin, oil regulator ANP said on Wednesday.

Last month, Brazil’s total oil and natural gas production also set a new production record, exceeding 4 million barrels of oil equivalent per day (boe/d) for the first time ever, the regulator said, noting that combined oil and gas production stood at 4.041 million boe/d.    

Oil production in January 2020 rose by 2 percent compared to December 2019 and by 20.43 percent compared to January 2019, ANP said.  

In January 2020, Brazil’s production in the pre-salt area totaled 2.682 million boed, accounting for 66.37 percent of all oil and natural gas production. Oil output in the pre-salt area hit 2.150 million bpd last month, the regulator said. The pre-salt oilfield Lula was the single biggest oil producer in the country, pumping on average 1.052 million bpd.

Earlier this month, state oil firm Petrobras announced that it had set another production record in the last quarter of 2019, producing more than 3 million bpd of oil equivalent throughout the period.

Brazil’s pre-salt area is expected to further boost the country’s oil production this year, according to OPEC’s latest Monthly Oil Market Report (MOMR) in February.

Brazil will be the third-largest growth driver of non-OPEC supply in 2020 after the U.S. and Norway, according to OPEC. The cartel sees non-OPEC supply growing by 2.25 million bpd, with Brazil’s production rising by 310,000 bpd this year.

Since June 2019, Brazil’s crude oil production had surged by 550,000 bpd within six months, thanks to the Lula, Buzios, Sapinhoá, Jubarte, and Sul De Lula fields, which boosted production from the pre-salt horizon in the deepwater Santos Basin to average 1.74 million bpd in 2019, OPEC said in its report earlier this month.     

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News