Also reported were a 14.3 percent surge in the sum of proven and probable reserves and a 19.8 percent growth in the sum of proven, probable, and possible.
Brazil’s oil production in February shrank 3.8 percent from January and rose 3.5 from February 2021.
Considering December alone, oil production was down 0.5 percent from November, where natural gas shrank 3.2 percent. Comparing December 2021/2020, both surged 4.1 percent.
A total of BRL 37.6 billion and BRL 36.8 billion have been distributed to states, municipalities, and the federal government in royalties and special stocks respectively—up 65 percent from 2020.
The public session for the presentation of offers for the 3rd Cycle of the Permanent Offer is scheduled for April 13, 2022.
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