Brazil produced a record 4.32 million barrels of oil and natural gas equivalent per day in June, an increase of 18% compared to the same month in 2022 (3.66 million barrels per day), official sources announced today.

The daily production of oil and natural gas in Brazil, which is the ninth largest producer of hydrocarbons in the world, rose by 5.2% compared to May (4.11 million barrels per day) and surpassed that of February this year (4.18 million barrels per day), until then the largest in the country, according to data from the National Petroleum Agency (ANP).

In terms of oil alone, the South American country produced 3.36 million barrels per day in June, 5.2% more than in May and 19% more than in the same month last year.

June's production was also the largest volume of oil extracted by Brazil in its history and surpassed the previous record, set in January of this year (3.27 million barrels per day).

As for natural gas, the country produced 152.3 million cubic meters per day in June, an increase of 5.4% compared to May this year and 14.6% compared to the same month in 2022.

It was also the highest daily average in Brazil's history and surpassed the record set in October last year (149 million cubic meters per day).

According to the ANP, the sharp increase in production was driven by the productivity of the pre-salt wells, exploration deposits in the very deep waters of the Atlantic located below a layer of salt two kilometers thick and whose gigantic reserves could make Brazil the third largest producer of hydrocarbons in the world.

According to the sector's regulator in Brazil, Brazilian oil and gas production in the pre-salt in June was 3.24 million barrels per day, which is already equivalent to 75% of the country's entire production. The increase was 1.5% compared to May and 17.5% compared to June last year.

The Tupi field, which extracts hydrocarbons from the pre-salt Santos offshore basin, was confirmed in June as Brazil's largest producer with a daily output of 790,000 barrels of oil and 37.8 million cubic meters of natural gas.

According to the ANP's monthly bulletin, 97.6% of Brazil's oil production and 83.2% of natural gas production was extracted from offshore wells.

As for producers, Brazil's state-owned Petrobras was responsible for 88.3% of all the country's oil and natural gas production in June. It was followed by Anglo-Dutch Shell, France's Total Energies, Portugal's Petrogal, Chinese consortium Cnooc and Spain's Repsol. (NMinuto)