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Record production in 2020

Petrobras informed the market on Thursday, 7, that it set an annual production record in 2020.

According to the document released by the Brazilian oil major, it recorded a production of 2.28 million bpd of oil and 2.84 million boed.

The previous records occurred in 2015, with 2.23 million bpd of oil and 2.79 million boed. “The current production records are supported by a portfolio of assets with a higher value”, informed the company.

In addition, pre-salt production totaled 1.86 million boed in 2020, representing 66% of the state oil company’s total production. In 2015, it corresponded to only 24% of total production.

According to the company, the boost in production occurred due to the following factors:

Finally, “The records demonstrate the good operational performance even in the challenging scenario of 2020, with a greater focus on world-class assets in deep and ultra-deep waters, where Petrobras has shown great competitive differential”.

Source: Petrobras