Oil Production in Brazil May Grow by 4-5% in 2023-2024
Oil production in Brazil in 2023-2024 may grow by 4-5%. This was stated by the CEO of the Brazilian oil and gas company Petrobras J.-P. Prates.
According to him, the company already has 2 new FPSO floating vessels, which will increase oil production. An increase of 4-5% is expected this year, and a similar increase is expected in 2024.
According to the National Petroleum Agency of Brazil (ANP), the country’s oil production reached 3 million barrels per day in 2022. Compared to 2021, the indicator increased by 4%.
