By Carlos Caminada on 1/8/2021
(Bloomberg) --Petrobras wrapped up 2020 with record oil production just as most of its peers reeled from the worst crude-market crash in history.
In a year that brought the U.S. shale industry to its knees, the Brazilian state-run giant pumped an all-time-high 2.3 million barrels a day of crude, according to a statement Thursday. That’s about the same as OPEC member Kuwait.
Operating some of the largest offshore oil finds this century, the Rio de Janeiro-based explorer is reaping the results of a five-year plan to develop fields that rival Saudi Arabia’s in low-cost production.
Most of the crude is coming from the so-called pre-salt fields underneath the Atlantic seabed off Rio’s coast, which the company -- formally called Petroleo Brasileiro SA -- has been ramping up for years.
Sign-up for World Oil Daily News
Object reference not set to an instance of an object.
"Oil" - Google News
January 09, 2021 at 11:30AM
https://ift.tt/39fdj9y
Petrobras matched Kuwait's oil production in 2020 - WorldOil
"Oil" - Google News
https://ift.tt/2SukWkJ
https://ift.tt/3fcD5NP
Bagikan Berita Ini
0 Response to "Petrobras matched Kuwait's oil production in 2020 - WorldOil"
Post a Comment