Brazil Oil And Gas Profile
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Brazil News
Introduction
- Brazil is the ninth largest energy consumer in the world and the third largest in the Western Hemisphere, behind the United States and Canada. Total primary energy consumption in Brazil has increased by close to a third in the last decade, due to sustained economic growth.
- In addition, Brazil has made great strides in increasing its total energy production, particularly oil and ethanol.
- Increasing domestic oil production has been a long-term goal of the Brazilian government, and recent discoveries of large offshore, pre-salt oil deposits could transform Brazil into one of the largest oil producers in the world
History
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Regulation
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Upstream
- Exploration and Production
- Most Brazilian oil is produced in the southeastern region of the country in Rio de Janeiro and Espírito Santo states. More than 90 percent Brazil's oil production is offshore in very deep water and consists of mostly heavy grades.
- Five fields in the Campos Basin (Marlim, Marlim Sul, Marlim Leste, Roncador, and Barracuda) account for more than half of Brazil's crude oil production. These Petrobras-operated fields each produce between 100,000 and 400,000 bbl/d.
- International oil companies also play a role in Brazilian production. The Shell-operated Parque de Conchas project and the Chevron-operated Frade project are expected to achieve production levels of 100,000 bbl/d and 68,000 bbl/d, respectively.
- Recent offshore exploration efforts in Brazil have yielded massive discoveries of pre-salt oil fields.
Active Companies
- BG Group has interests in five blocks in the Santos Basin, offshore Brazil
Crude Oils
- Majority of Brazilian Crudes are heavy and sour
Midstream
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LNG
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Downstream
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Relevant Links
page revision: 5, last edited: 24 Nov 2011 07:44
