Brazil’s crude oil production in November topped 3 million barrels per day for the first time ever, the National Petroleum Agency reported, adding that total oil and gas production rose to 3.95 million barrels of oil equivalent daily – also a record-breaking figure. The strong output result came on the back of ongoing ramp-up of production at eight new floating production, storage, and offloading facilities, S&P Global Platts reports, citing ANP data. The ramp-up added more than 100,000 bpd to the country’s total production between October and November. The annual increase in production exceeded 20 percent. The presalt zone has become the main contributor to growth in Brazil’s crude oil production. In fact, it accounts for about two-thirds of the country’s November total, at 2.061 million bpd. The biggest producing field, Lula, is in the presalt zone. It produced 1.063 million bpd of crude last month. The second and […]