LatinNews Daily - 16 January 2026

*Brazilian state-controlled oil company Petrobras has announced that its total production of oil and natural gas in 2025 reached 2.99m barrels of oil equivalent per day (boepd), up 11% compared to 2024. Oil production totalled 2.4m barrels per day (bpd), which also marks an 11% year-on-year increase. In a press release, the oil giant stated that oil and gas from pre-salt reserves totalled 2.45m boepd, accounting for 82% of the total annual production for 2025. The company highlighted that in 2025 two new platforms began operating in the pre-salt fields of the Santos Basin, near Brazil’s south-eastern coast: the Almirante Tamandaré floating production, storage, and offloading (FPSO) unit, located in the Búzios field, and the Alexandre de Gusmão FPSO, in the Mero field. The Almirante Tamandaré FPSO reached record oil production levels, averaging around 240,000 bpd in November and December, becoming the highest-producing platform in Brazil.

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