South America / GoM

Brazil flag
Summary | Profile

Country profile: Brazil

Location: Eastern South America, bordering the Atlantic Ocean
Climate: mostly tropical, but temperate in south
Terrain: mostly flat to rolling lowlands in north; some plains, hills, mountains, and narrow coastal belt
Size: 8511965 sq. km total (Land area: 8456510 sq. km  Water area: 55455 sq.km)
Population: 191,908,598
Languages: Portuguese (official and most widely spoken language); note - less common languages include Spanish (border areas and schools), German, Italian, Japanese, English, and a large number of minor Amerindian languages
Government: federal republic
Capital city: Brasilia
Legal system: based on Roman codes; has not accepted compulsory ICJ jurisdiction
Currency: real (BRL)
Licensing:

Country profile

Brazil is the 10th 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 significantly in recent years. In addition, Brazil has made great strides in increasing its total energy production, particularly oil, over the past decade. Increasing domestic oil production has been a long-term goal of the Brazilian government. The largest share of Brazil’s total energy consumption comes from oil (48 percent, including ethanol), followed by hydroelectricity (35 percent) and natural gas (7 percent). The large share of hydroelectricity in Brazil’s energy mix represents the dependence of electricity generation on hydroelectric dams. Natural gas is currently a small share of total energy consumption, but attempts to diversify electricity generation from hydropower to gas-fired power plants should cause natural gas consumption to grow in coming years.

Energy production and consumption


Oil Gas
Production: 1 million bbl/day (2006 est.) 9 billion cu m (2005 est.)
Consumption: 2 million bbl/day (2006 est.) 17 billion cu m (2005 est.)
Exports: 278,400 bbl/day (2005)  
Imports: 674,500 bbl/day (2004) 8 billion cu m (2005)
Reserves: 13 billion bbl (2007 est.) 312 billion cu m (1 January 2006 est.)
Major fields:



Brazil - recent news

19 Nov 25
Brazil: Searcher sets sail for Phase Three of Pelotas Basin 3D seismic survey
Searcher, along with project partner Shearwater, have announced the commencement of Phase Three of its Pelotas Basin 3D seismic acquisition campaign, offshore Brazil. This next phase continues the successful expansion of Searcher's data library in this promising frontier basin.
18 Nov 25
Brazil: Shearwater announces commencement of third season of Brazil Pelotas Basin acquisition
Shearwater Geoservices has announced the third season of multi-client 3D seismic data acquisition in Pelotas Basin offshore Brazil. Building on the success of the previous Pelotas Basin campaigns, the survey will be conducted in partnership with Searcher Seismic, with solid industry funding.
17 Nov 25
Brazil: Petrobras makes another oil discovery in the Campos Basin
Petrobras has identified the presence of excellent quality oil in the post-salt layer of the Campos Basin, in an exploratory well in the Southwest Tartaruga Verde block.
17 Nov 25
Brazil: TGS announces Pelotas Norte Phase I multi-client survey offshore Brazil
TGS has announced the Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, offshore southern Brazil. Phase I will encompass approx. 14,800 sq kms across 21 exploration blocks, the majority of which lie in un-held acreage expected to be included in upcoming bid rounds.
16 Nov 25
Brazil: Petrobras and BNDES launch the first ProFloresta+ call for proposals to acquire 5 million carbon credits
Petrobras and the Brazilian Development Bank (BNDES ) have launched the first call for proposals under the ProFloresta+ program for the contracting of 5 million high-integrity carbon credits.

Brazil - more news

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