Brazil Exploration and Production Report

Brazil Exploration and Production Report

Summary

Brazil’s continued growth as a global energy powerhouse was underpinned by record-breaking oil and gas production in 2023 and sustained production in 2024 despite challenges, significant investments, and an ambitious roadmap for future exploration and development. The pre-salt basins remain the cornerstone of Brazil’s upstream activities, contributing the bulk of production growth and reserve replenishment. Key licensing rounds attracted both established players like Petrobras and Chevron, and new entrants, reinforcing Brazil’s appeal as an investment destination.

Meanwhile, regulatory reforms and infrastructure expansions, such as the Rota 3 pipeline and the Sergipe Deep Waters Project, aim to unlock the country’s vast natural gas potential, doubling production by 2034. These developments solidify Brazil’s position as a leader in hydrocarbons, even as the industry faces headwinds from environmental challenges and infrastructure bottlenecks.

Scope

• Outlook on the crude oil and natural gas production in the country
• Key details of active and upcoming oil and gas assets in the country
• Recently licensed blocks details, licensed blocks count by company, and latest discoveries
• Latest mergers and acquisitions, and awarded contracts related to the E&P sector in the country

• Gain a strong understanding of Brazil’s E&P sector
• Facilitate decision making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries
• Assess your competitor’s production outlook and licensed blocks count in the country
• Analyze the latest M&A landscape and awarded contracts related to the country’s E&P sector