Oil production in Brazil reached 2.6 million barrels per day in 2017, registering growth for the fourth consecutive year. According to data from the National Agency for Petroleum, Natural Gas and Biofuels (ANP) released on Friday (29), the increase in production in 2017 was 4.2% in relation to the previous year.
The result was driven by pre-salt performance, which averaged 1.3 million barrels per day in the year, approximately half of the national total. Due to increased production, Brazil imported 16.4% less oil last year, about 149.2 thousand barrels per day, and increased exports by 24.8%, reaching 996.6 thousand barrels per day, higher value of the historical series. Daily natural gas extraction also rose 109.910 million cubic meters, up 5.9% from 2016.