Petrobras Average Daily O&G Output Rose 4.3% in 2015

Oil and natural gas output at Petróleo Brasileiro SA rose 4.3 percent last year, the second annual increase after two years of declines, as long-delayed offshore production systems came on line.

Petrobras, as the company is known, produced an average 2.79 million barrels of oil and natural gas equivalent a day (boepd) in Brazil and abroad in the 12 months ending Dec. 30, compared with 2.67 million boepd a year earlier, according to data on its website.

December output fell 0.4 percent from a year earlier to 2.85 million boepd. December output was 5.2 percent higher than in November, a month affected by the worst strike at the Rio de Janeiro-based company in 20 years.