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
| 24 Jul 24 |
Brazil: Archer secures contract worth USD 40 million in Brazil Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The estimated firm contract value is USD 40 million. |
| 23 Jul 24 |
Brazil: TechnipFMC awarded substantial flexible pipe contract by Petrobras TechnipFMC has been awarded a substantial contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender. |
| 23 Jul 24 |
Brazil: Valaris DS-17 to drill for the Raia project in Brazil Equinor has, on behalf of its partners in the Raia project – Repsol Sinopec Brasil and Petrobras - awarded Valaris a drilling contract for operations in Brazil. The objective is to drill six wells leading up to production starting in 2028. The overall contract value is estimated at USD 498 million. |
| 22 Jul 24 |
Brazil: Valaris announces multi-year contract award with Equinor for Drillship VALARIS DS-17 Valaris has been awarded a multi-year contract with Equinor for drillship VALARIS DS-17. The contract relates to work offshore Brazil on Project Raia. The estimated total contract value is approx. $498 million, inclusive of MPD, additional services and fees for mobilization and minor rig upgrades. The contract has an estimated total duration of 852 days. |
| 19 Jul 24 |
Brazil: DOF Group awarded multiple contracts in Brazil DOF has announced multiple contract awards with Petrobras and a 1st Tier EPCI-SURF Contractor in 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
