Petrobras ramps up production
Expanding output from the pre-salt province starts to bear fruit for the Brazilian company
Petrobras, the Brazilian state-owned oil company, recorded strong production performance across the third quarter, as record figures in the pre-salt region helped boost the firm’s upstream portfolio. Total hydrocarbon output for the quarter reached 2.88mn bl oe/d, a 9.3pc increase over the second quarter, and a 14.6pc rise year-on-year. In August, Petrobras achieved daily and monthly company records of 3.1mn bl/d oe and 3mn bl/d oe respectively. The growth was dominated by the pre-salt. Across the third quarter, Petrobras extracted 1.37mn bl/d oe from the province, a 17pc rise over the second quarter and up by over 40pc year-on-year. The region now produces over 60pc of all Brazilian oil. T
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
