Brazil Sees Oil Output Shrink Over Three Months

(The Rio Times, Richard Mann, 3.Aug.2019) — Oil production in the country dropped 6.4 percent from May to June after rising in the first months of the current year.

According to data from the National Oil, Natural Gas, and Biofuels Agency (ANP), 2.557 million barrels of oil were produced in the national fields per day. Compared to June last year, the decline has reached 1.3 percent.

Natural gas production, which totaled 111 million cubic meters per day, also dropped 5.8 percent compared to May and 3.3 percent to June of last year.

The decline in oil and gas production was mainly caused by the stoppage for maintenance of the FPSO Cidade de Mangaratiba platform, operating in the Campo de Lula.

Production of the pre-salt layer totaled 1.551 million barrels of oil per day, which represents 60.7 percent of the national total and 62.8 million cubic meters of natural gas per day, 56.6 percent of the national total.

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