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
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)

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

24 Jun 24
Brazil: DOF Group awarded multiple contracts with Petrobras
Petrobras has awarded DOF two long-term contracts: a Major Contract for the Pipelay Support Vessel (PLSV) Skandi Niterói, and a Very Large Contract for the Anchor Handling Support vessel (AHTS) Skandi Botafogo.
21 Jun 24
Brazil: bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects
bp has agreed to acquire Bunge Bioenergia's 50% holding interest in its bp Bunge Bioenergia joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, bp will become sole owner of the industrial scale sugarcane and ethanol business, enabling bp to accelerate value creation through integration with bp’s trading and technology capabilities.
13 Jun 24
Brazil: Solstad Offshore announces multiple contract awards from Petrobras
Solstad Offshore has announced multiple contract awards from Petrobras, scheduled to commence in the second half of 2024 and first half of 2025. The combined gross contract value is approx. NOK 2,6 billion.
12 Jun 24
Brazil: Petrobras and Shearwater to collaborate on research and technology development in seismic acquisition and processing
Petrobras, a global energy leader, and Shearwater, one of the leading seismic acquisition companies, have signed a Memorandum of Understanding (MOU) for joint development and execution of scientific research and technology innovation within seismic processing and acquisition focused on data quality, value and acquisition efficiency.
10 Jun 24
Brazil: Oceaneering announces Manufactured Products contracts with Petrobras
Oceaneering International announced that its Manufactured Products segment has secured two significant contracts with Petrobras through a competitive bidding process. The expected aggregate net revenue is in the range of $120 million to $183 million.

Brazil - more news

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