Domestic oil and gas production grows 14% in the 2nd quarter.

Petrobras reported that total oil and gas production (oil, natural gas liquids, and natural gas) reached a record 3.34 million barrels of oil equivalent per day (boed) in the second quarter of 2026, a figure 14.1% higher than the same quarter last year and 3.4% higher than the first quarter of 2026. According to the company, as reported by "Agência Brasil," this performance resulted from improved efficiency of the Maria Quitéria floating production, storage and offloading (FPSO) vessels in the Jubarte field; the Alexandre de Gusmão vessel in the Mero field; the P-78 vessel in the Búzios field; and the start of production from the P-79 FPSO in the Búzios field. The company reported that ten new producing wells came online during the quarter, four in the Campos Basin and six in the Santos Basin.

Exports

With increased production, exports grew to approximately 1 million barrels per day (bpd), compared to a reduction in oil imports to 89 million barrels per day (mbpd) in the second quarter, considered the lowest volume since the pandemic. During the same period, refinery utilization reached 101.2%. The company emphasizes that, given the war in the Middle East and fluctuating global oil prices, the increased utilization of refining capacity "has been fundamental to expanding the supply of refined products in the domestic market."

Domestic market

Domestic sales remained at a similar level to the first quarter, as increased sales of diesel and LPG offset the decline in consumption of other products.

This text was translated by machine from Brazilian Portuguese.