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

Maritime Activity Reports, Inc.

January 15, 2016

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.
(Reporting by Jeb Blount)
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