Petrobras posts 2016 production record
Brazil's state-run oil company Petrobras reported record domestic production in 2016, spurred by rising activity in pre-salt fields.
Crude output averaged 2.14Mb/d, up 0.75% from the previous year, Petrobras said in a statement on Wednesday.
Pre-salt fields, located up to 7km under the ocean's surface, delivered 1.02Mb/d, up 33% on 2015.
The company also produced 77Mm3/d of natural gas, lifting overall hydrocarbon production to 2.63Mboe/d. Petrobras said the combined figure was 1% higher than in 2015.
Areas that contributed most to the expansion were the Lula, Sapinhoá and Parque das Baleias fields, the company said.
Petrobras' 2016 production figures were boosted by record output in December. The company pumped 2.3Mb/d of crude from its Brazilian fields, up 3% on the previous all-time high set in September.
Natural gas output for the month was 81.8Mm3/d, up 2% on November.
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