January 15, 2019 / 10:46 PM / 3 months ago

Petrobras produced 2.03 mln bpd in Brazil in 2018, shy of target

Jan 15 (Reuters) - Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday, just below the company’s target of 2.1 million bpd.

Petrobras’ total production of oil and natural gas was 2.63 million barrels of oil equivalent per day (boe/d), with 101,000 boe/d produced abroad, it said. The company had targeted 2.7 million boe/d.

In its statement, Petrobras said it expected to produce 2.8 million boe/d in 2019. (Reporting by Luciano Costa; editing by Chris Reese)

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