According to Dow Jones Sao Paulo, Brazil’s oil production in December 2018 was higher than that in November because of an increase in production from the country’s huge subsalt oil fields.
Brazilian oil production rose to 2.7 million barrels a day in December, 4.8% more than in November and 3% more than in December 2017, the Brazilian National Petroleum Administration (ANP) said Monday. Natural gas production reached 114 million cubic meters per day in December, an increase of 1.2% over November and 0.3% over December 2017.
According to ANP, production from subsalt oilfields in December increased by 3.9% over November to 1.9 million barrels of oil equivalent per day, with oil production reaching 1.5 million barrels per day and natural gas production reaching 61.5 million cubic meters per day. In December, oil and gas production from subsalt oilfields accounted for 55.4% of Brazil’s total oil and gas production, compared with 50.7% in December 2017.