Oil and gas production to increase by 2025

A forecast by the National Agency for Oil, Natural Gas and Biofuels (ANP) shows an increase in oil and natural gas production in the coming years. According to ANP data, production will reach the mark of 571,500 m³/day (3.6 million barrels per day) of oil and 173.2 million m³/d of natural gas in 2025.

The increase in oil production represents a 23% increase compared to 2021. With natural gas, the increase means 34% more compared to the same period. For this year, the projection of oil production is 463.96 thousand m³/d (2.9 million bpd) and that of gas, 129.17 million m³/d.

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