Brazil's national energy producer, Petrobas has announced record output in 2011.
The company declared average oil and natural gas output in its home country of some 2.37m barrels of oil equivalent daily, a 1.6% increase on the previous year. Oil production alone reached a record daily average of just over 2mboe, with gas output (excluding liquified gas) up around 6.2% year-on-year at more than 56m m3 per day.
Taking into account overseas production, the total daily average of more than 2.6mboed was a 1.4% improvement on 2010, although December's figures showed a slight dip despite the company being boosted by new streams from fields in the Campos Basin as well as the Lula field and Santos Basin pre-salt area.
The final month of 2011 was 1.6% down on the November numbers which was blamed by Petrobras on decreasing Bolivian consumer demand.