April 4, 2016 / 6:37 PM / 2 years ago

Brazil February oil, natural gas output falls to 15-month low

RIO DE JANEIRO, April 4 (Reuters) - Output of oil and natural gas in Brazil fell to its lowest in 15 months in February, the country’s petroleum regulator ANP said on Monday, as the industry wrestles with low oil prices and a corruption scandal at state-run Petrobras.

Companies in Brazil produced an average of 2.950 million barrels of oil and equivalent natural gas a day (boepd) in the month, 2.7 percent less than a year earlier and 0.5 percent less than it produced in January.

Petroleo Brasileiro SA, as Petrobras is formally known, was by far Brazil’s biggest producer, accounting for 2.417 million boepd in the month.

Royal Dutch Shell Plc, which took over smaller rival BG earlier this year, was the second largest producer, with 241,000 boepd. (Reporting by Stephen Eisenhammer; Editing by Chizu Nomiyama)

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