Brazil aims to increase oil production to 4.4 million barrels daily and natural gas to 315 million cubic meters per day by 2034.

Brazil plans to boost oil production by 2034, targeting 4.4 million barrels daily, 47% higher than 2023 levels. Natural gas production will more than double to 315 million cubic meters per day by 2034, with 76% and 80% contribution from the subsalt zone of the shelf for oil and gas, respectively.

August 16, 2024
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