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

28 Sep 20
Brazil: Total exits the Foz do Amazonas Basin
Total has announced that it has reached an agreement to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kms offshore Brazil.
27 Sep 20
Brazil: Petrobras releases teaser for E&P assets in the Campos Basin
Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in the Albacora and Albacora Leste concessions, located in the deep waters of the Campos Basin.
24 Sep 20
Cuba: Melbana Energy commences Block 9 drilling preparations
Melbana Energy has commenced civil works for construction of the first well pad in support of its two well drilling program in Block 9 onshore Cuba.
23 Sep 20
Brazil: Petrobras encounters hydrocarbons in Block C-M-657 well in the Campos Basin pre-salt
Petrobras has identified the presence of hydrocarbons in carbonate reservoirs in the first well in Block C-M-657, located in the pre-salt of the Campos Basin.
23 Sep 20
Brazil/US: Maha Energy announces operational update
Maha Energy has announced an operational update for its activities in Brazil and the United States. The Company's compression project at the Tie field in Brazil has been successfully commissioned

Brazil - more news

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