Brazil Hits Record Oil and Gas Production in July

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FPSO P-74 operating in the Búzios field (Credit: Petrobras)
FPSO P-74 operating in the Búzios field (Credit: Petrobras)

Brazil's oil and gas production of oil equivalent per day (boed) in July, oil regulator ANP said on Monday, exceeding the key level of 5 million boed for the first time ever.

Oil output reached 3.959 million barrels per day in the month, up 22.5% year-on-year, while natural gas production climbed 26.1% to 190.89 million cubic meters per day, ANP added in a statement.


(Reuters - Reporting by Gabriel AraujoEditing by Tomasz Janowski)

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