According to a Bloomberg Línea report published on October 29, 2026, Petrobras is helping expand Brazil’s leadership in Latin American oil and gas production. The state-run company’s investments in deep-water fields, particularly Búzios and Mero, are driving the growth.
Brazil’s daily oil production rose from 4.3 million barrels in May 2026 to 4.6 million barrels in August 2026. Petrobras plans to add three platforms to the Búzios field in 2027.
The plan follows the company’s announcement on October 28 of record production results for the third quarter.