Brazilian Oil & Gas Industry Report 2018/2019

Brazil's oil sector trends and recent developments.

RIO DE JANEIRO – Brazil is increasingly consolidating itself as a major player in the oil industry. Domestic crude production has hit new record highs, in line with expectations associated with Pre-salt's development.

Focused on capital-intensive pre-salt projects, and constrained by the fall in oil prices, investments in existing onshore and offshore fields in the country were reduced. This worsened decline rates in mature fields. A series of measures by the Brazilian Government started to reverse this trend, increasing Brazil's attractiveness upstream.

Considering the projected growth in Brazilian energy demand, the downstream segment requires more investments in infrastructure. Investments by third parties were partly inhibited by a highly concentrated market and infrastructure. A series of laws and regulations are under review aiming to change this scenario.

The following report gives an overview of the Brazilian oil and gas industry over the past months. The report addresses the setting of both the upstream and downstream, including licensing rounds, mature field production, investments, government initiatives and infrastructure projects.

Access the full report here

Click here for further information on important historical aspects of the Brazilian oil industry.

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17/02/2020 - In order to disseminate the main results of the Brazilian Offshore Wind Roadmap (full report available only in Portuguese) to international agents, the Energy Research Office – EPE has just made available the English version of the interactive content page about the study.

EPE launches: Report on Investments and Operating and Maintenance Costs in the Biofuels Sector

10/02/2020 - The Report on Investments and Operating and Maintenance Costs in the Biofuels Sector, prepared by the Biofuels Area of the Oil, Natural Gas and Biofuels Studies Divison of the Energy Research Office, aims to present the calculation methodology, assumptions, investment estimates (CAPEX) and operating and maintenance costs (OPEX) related to sugar cane ethanol (1G, 2G), corn ethanol, biodiesel and biogas (sugar-energy sector), until 2030.

EPE publishes the “Atlas of Energy Efficiency in Brazil - Indicators Report"

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EPE launches a new Technical Note regarding PV projects on Brazilian Energy auctions

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