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
| 10 Jun 26 |
Brazil: Petrobras has entered into an agreement with Equinor to acquire a 50% stake in the Itaimbezinho block, located offshore in the Campos Basin. Petrobras has entered into an agreement with Equinor to acquire a 50% stake in the Itaimbezinho block, located offshore in the Campos Basin. Equinor currently holds 100% of the Itaimbezinho block and, upon completion of the transaction, the consortium will consist of Equinor (operator, 50%), Petrobras (50%), and Pré-Sal Petróleo S.A. – PPSA, as manager of the Production Sharing Contract. |
| 03 Jun 26 |
Brazil: Ocean Installer secures multi-year contract in Brazil from Equinor Ocean Installer, a wholly owned subsidiary of Moreld ASA, has been awarded a Significant* contract in Brazil by Equinor for the Bacalhau Project’s Well Tie In scope. |
| 03 Jun 26 |
Brazil: SBM Offshore signed contracts for Petrobras’ FPSOs SEAP-I and SEAP-II SBM Offshore has been awarded contracts by Petróleo Brasileiro S.A. (Petrobras) for two FPSO projects located in the Sergipe-Alagoas basin, located in the northeastern part of Brazil. Under these contracts, SBM Offshore will design, build and operate FPSOs SEAP-I and SEAP-II. |
| 26 May 26 |
Brazil: Baker Hughes extends and expands integrated well construction contract with Petrobras Baker Hughes has announced a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin. Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields. |
| 14 May 26 |
Brazil: ABL to support Mero 3 and Mero 4 Projects offshore Brazil ABL Energy & Marine Consultants Brasil has been appointed as Marine Warranty Surveyor (MWS) to support Subsea7 with the transportation and installation campaign for the SURF infrastructure for the Mero 3 and 4 developments offshore Brazil. |
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
