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Brazilian oil export record in 2020

Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan. Photo by Reuters/Grigory Dukor. Sketched by the Pan Pacific Agency.

BRASILIA, Jan 14, 2021, Merco Press. Brazil established a new record for oil exports in 2020, with sales averaging 1,4 million bpd and a peak of 1,9 million bpd during the month of May, according to the Mines and Energy minister Bento Albuquerque, Merco Press reported.

The minister also announced that on 7 January, Brazil’s oil giant Petrobras reached a daily production record of 2,84 million barrels of oil, beating the previous mark set in 2015, with 2.79 million BOE/day.

Petrobras in 2020 produced 2.28 million barrels/day, compared to 2.23 million barrels/day recorded in 2015. Pre-salt accounted for 66% of the volume extracted by the company in 2020. In 2015, the percentage was 24%.

The volumes extracted last year exceeded by 5% the targets originally forecast for the year, in line with the revised October forecast.

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