Brazil O&G Production Rose 13% in November

Brazil's oil and natural gas production in November increased 13.3 percent compared with the same period last year as new fields started up and older fields came back onstream after maintenance, oil agency ANP said on Tuesday.

 

Oil and gas production reached 2.935 million barrels of oil and equivalent natural gas per day (boepd) in November, according to an ANP statement.

 

November output, though, was 1.4 percent less than in October.

 

State-run oil company Petrobras was by far the biggest producer with 2.48 million boepd. Britain's BG was the second largest with 110,293 boepd in November. Anglo-Dutch major Shell was third with 48,267 boepd.