Of this total, 94% will be directed at well drilling, as per the country’s oil, natural gas, and biofuel authority ANP. At the end of last year, blocks under contract in the exploration phase totaled 295—up 24% from 2021’s 238.
In terms of international trade, oil exports reached 1.3 million barrels per day, while imports stood at 275,000 barrels per day, marking a substantial growth of 68.3%.
In terms of international trade, oil exports reached 1.3 million barrels per day, while imports stood at 275,000 barrels per day, marking a substantial growth of 68.3%.
The production was down 4.6% from October. According to national authority ANP, “the reduction […] was driven by scheduled and unscheduled interruptions in production.”
Pre-salt reached 74.11% of the production. This is the second time the total exceeds 4 million; the first had been in January 2020, national authority ANP reported.
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