Petrobras Oil Production Fell 6.5% In February Compared To January, According To The National Agency Of Petroleum, Natural Gas And Biofuels (ANP)
According to data published by the National Agency of Petroleum, Natural Gas And Biofuels (ANP) last Monday, Petrobras’ oil production fell from 2.96 million barrels per day in January to 2.76 million barrels per day in February, a decrease of 6.5%.
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The company’s natural gas production decreased by 5.3%, totaling 121.4 million cubic meters per day of the fuel.
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Petrobras is expected to complete the drilling of the Morpho well in the Foz do Amazonas in August 2026, the first well in the Equatorial Margin, an oil frontier that the ANP estimates at more than 30 billion barrels and could redraw the map of Brazil.
In February of this year, a strike by the company’s oil workers lasted 20 days. However, according to Petrobras President Roberto Castello Branco, the company did not cease producing “a single drop of oil” due to the stoppage.
Part of the decline can be explained by the reduction in the number of days in February, which had 29 compared to January’s 31 days.
Petrobras was questioned about the reason for the decrease in oil and gas production, but did not comment.
Moreover, concerning oil and gas production, 974.3 thousand barrels of oil were produced by the Lula field in February, the country’s largest oil-producing field. This figure represents a decrease of 7.4% in the extracted volume. Gas production from the field also fell by 6.25%, totaling 41.3 million cubic meters.
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