Brazil Average Oil, Gas Output in 2023 Was a Record: Regulator

Average annual production of oil and natural gas in Brazil in 2023 was a record, with 4.344m barrels of oil equivalent per day (boed), around 12% above the previous record in 2022, Brazilian regulator known as ANP said in a statement.

• It was the first time that national average annual production reached a mark above 4m boed, according to the agency
• Separate oil and gas production was also record high, with 3.402m barrels per day of oil, +12.6% y/y, and 150m cubic meters per day of natural gas, +8.7% y/y
• Average volume produced in the pre-salt in 2023 was ...