South America / GoM
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
| 06 May 26 |
Brazil: DOF Group awarded 12-year charter/services contracts for each of 4 x RSV newbuilds in Brazil DOF Group has announced the award, following a competitive tender process, of 12-year long-term charter/services contracts for ROV Support Vessels ('RSV') in Brazil. |
| 01 May 26 |
Brazil: Petrobras expands its presence in the Campos Basin with the acquisition of part of the Argonauta ring-fence Petrobras has entered into an agreement to acquire 100% of a portion of the ring-fence of the Argonauta Field (BC-10 Concession) in the Campos Basin, currently held by Shell, ONGC and Brava (Enauta Petróleo e Gás Ltda.).The acquired portion corresponds to the area of the Argonauta Field that holds 0.86% of the shared pre-salt Jubarte reservoir, related to the Unitization Agreement |
| 29 Apr 26 |
Brazil: Petro Victory Energy announces successful SJ 12 well results Petro Victory Energy has announced the results of 7-SJ-12DA-MA well ('SJ-12') in the São João ('SJ') field, Barreirinhas Basin, Brazil. A well testing campaign is planned to further evaluate the SJ-12 well, with results to be announced separately. |
| 24 Apr 26 |
Brazil: Ecopetrol enters into an Agreement to acquire an equity stake in Brava Energia, a company domiciled in Brazil Ecopetrol has entered into a Share Purchase Agreement with a group of significant shareholders holding approx. 26% of the outstanding common shares of the Brazilian company Brava Energia, for the acquisition by Ecopetrol or one of its affiliates or subsidiaries within the Ecopetrol Group, of 120,813,490 shares of Brava, representing approx. 26% of Brava’s share capital. |
| 15 Apr 26 |
Brazil: Petrobras will invest US$450 million in the world's largest seismic monitoring project Petrobras and its partners in the Libra Consortium will invest approximately US$450 million in the world's most extensive seismic monitoring project. In simple terms, the technology uses an ultrasound of the seabed, revealing its geological structures and the movement of fluids such as oil, gas, and water. |
Brazil - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
