By Josh Beckerman
Brazilian oil company Petroleo Brasileiro SA (PBR), or Petrobras, said third-quarter production increased 9.3% from the second quarter, led by a 17% increase in pre-salt production due to the ramp-up of platforms in Buzios field and Lula field.
Production was up 14.6% from the 2018 third quarter.
Petrobras said it is on track to meet its full-year production target.
In the refining segment, the company increased production of oil products following higher demand in the Brazilian market.
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