Brazil boosts oil, gas output in December

February 5, 2014

Brazilian output of oil and natural gas rose to its highest level in nearly two years in December as new fields came on line to replace declining output from older areas, the country's oil regulator ANP said on February 3, Reuters has reported.

Forty-six companies produced 2.62 million barrels of oil equivalent per day (boepd) from Brazilian on-shore and offshore fields in the month, the highest daily average since February 2012, the ANP said in a statement.

Output was 1.5 percent more than a year earlier and 1.7 percent higher than in November. Production was aided by a record output of natural gas in the month, the ANP said.

Copyright: Reuters, 2014