Petróleo Brasileiro S.A. – Petrobras reported production results for the third quarter and nine months of 2020. For the quarter, the company total production of 2.952 Kboed against 2.878 Kboed a year ago. Total production volume of 1.935 kbpd against 1.816 kbpd a year ago.

For the nine months, the company total production of 2.888 Kboed against 2.685 Kboed a year ago. Total production volume of 1.805 kbpd against 1.774 kbpd a year ago.

For the full year of 2020, the company estimate that the average production in 2020 will reach 2.84 MMboed, of which 2.28 MMbpd of oil, with a variation of 1.5% upwards or downwards, exceeding the upper limit (2.5%) of the targets originally announced for the year (2.7 MMboed and 2.2 MMboed).