Brazil sets new oil production record in March
Amid a scenario in which global oil supply faces challenges caused by the war in Iran, Brazil set a record for oil and gas production in March.
In the same month, coinciding with the beginning of the war triggered by US and Israeli attacks on Iran and Lebanon, Brazil produced 5.531 million barrels of oil equivalent per day (boe/d), surpassing the previous record of 5.304 million boe/d set in February.
The pre-salt layer, where wells produce at depths of about 2,000 meters below the water’s surface, accounts for 79.9 percent of Brazilian production.
Boe is a unit of measurement that standardizes the volume of natural gas and oil by converting gas to the energy equivalent of a barrel of crude oil, allowing production figures to be aggregated.
The production data were released on Monday (4) by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the sector’s regulatory body linked to the Ministry of Mines and Energy.
