Brazil's Petrobras hit a new production record in the fourth quarter, of ov...
The facade of the headquarters of Petroleo Brasileiro S.A. is pictured in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio Moraes
In a securities filing, Petroleo Brasileiro SA, as the company is formally known, said it produced 3.025 million boepd, up 5.1% from the third quarter and 13.7% from the fourth quarter last year. In December, the company said, it hit 3.8 million boepd, an all-time monthly record for the firm. Oil and natural gas production in the pre-salt reached 1.533 million barrels per day in the fourth quarter, the company said, up 12.1% from the third quarter and up some 46.4% from the year-ago period.
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