Brazilian state-run oil firm Petrobras on Wednesday reported total oil, gas and gas liquids production of 3.51 million barrels of oil equivalent per day in the third quarter, up 11.7 per cent from a year earlier.
Analysts expected Petrobras to report output of 3.48 million boed, according to the Visible Alpha consensus.
Petrobras said offshore oil platforms Alexandre de Gusmao and Sepetiba hit output peaks during the quarter, while Almirante Tamandare posted record monthly production in July.
Oil production in Brazil reached 2.83 million barrels per day, up 12.4 per cent year-on-year.
The Brazil oil figure surpassed the peak production forecasted in the firm's business plan for the 2026-2030 period.
Exports of oil and derivatives came in at a record 1.25 million bpd, a 20.7 per cent increase, with China representing 40 per cent of the oil purchases.
Sales of oil, derivatives and natural gas reached 3.49 million bpd, a seven per cent rise.
(Reporting by Andre Romani in Sao Paulo, additional reporting by Fabio Teixeira in Rio de Janeiro; Editing by Fernando Cardoso)