Rio de Janeiro – Brazil-based oil company Petrobras announced on Thursday (9) it met all its output goals established for 2021, posting several record numbers, including pre-salt results, with an annual average 1.95 million barrels of oil equivalent per day, accounting for 70% of the company’s total output.

“Our pre-salt production has been growing fast, and the record high posted is more than twice the volume we used to produce in this layer five years ago,” Petrobras chief production development officer João Henrique Rittershaussen said.

“The magnitude of these results shows Petrobras’ commitment to meeting its goals and its focus on deep- and ultradeep-water assets, which have shown a large competitive edge by producing low-cost, high-quality oil with low greenhouse gas emissions,” the company’s chief exploration & production officer, Fernando Assumpção Borges, said.

Petrobras also highlighted 2021’s 8.5% growth in oil derivative sales from 2020, with an emphasis on the increase of gasoline, diesel and jet kerosene sales, which was mainly due to the heavy impact of the novel coronavirus pandemic on sales back in 2020. Year on year there was also smaller third-party gasoline and diesel imports, thus resulting in an increase of the company’s market share.

Petrobras posted an annual record high of S-10 diesel sales and output in 2021, thus ensuring better environmental and economic results for users. Sales of S-10 diesel increased by 34.7%, while output was up 10%.

Translated by Guilherme Miranda

Source: NewsNow

https://www.newsnow.co.uk/h/Business+&+Finance/Economy/International/Brazil