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LatinNews Daily - 6 May 2025
In brief: Brazil’s oil and gas production up in March
*Brazil’s federal oil and gas regulatory agency (ANP) has released the national production figures for March, which showed that oil and natural gas production totalled 4.66m barrels of oil equivalent per day (boepd), up from 4.49m boepd in February. Oil production in March stood at 3.62m barrels per day (bdp), up 3.8% from February and up 7.9% from March 2024. Natural gas production totalled 165.53m cubic metres per day (m3/d), up 4.3% from the previous month and up 15.0% from the same month last year. Just as in February, Brazil’s most productive oil field in March was the Tupi field in the Santos Basin, registering 780,050 bpd of oil and 39.15m m3/d of natural gas. The processing facility that produced the most oil in March was the Sepetiba floating production, storage, and offloading unit (FPSO), with 174,544 bpd, while the unit that produced the most natural gas was the Guanabara FPSO, with 11.52m m3/d; both these FPSOs are in the Mero field of the Santos Basin.
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