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
| 04 Feb 26 |
Brazil: KUFPEC acquires 20% interest in Orca and Sul De Orca in Brazil Kuwait Foreign Petroleum Exploration Company ('KUFPEC') has reached an agreement to acquire a 20% interest in the Orca and Sul de Orca asset from Shell Brasil Petróleo Ltda, a wholly-owned subsidiary of Shell. Current estimated recoverable resource volumes of the Orca development are approx. 370 million barrels with production expected to start in 2029. |
| 03 Feb 26 |
Brazil: Petrobras expands oil sales to India During India Energy Week, Petrobras renewed and expanded oil sales contracts with major Indian state-owned refiners. The agreements were signed at the meeting of global energy sector leaders, which took place last week in the city of Goa, India. |
| 31 Jan 26 |
Brazil: Seadrill announces West Saturn contract extension Seadrill has announced Equinor Brasil Energia has exercised a one-year priced option for the ultra-deepwater drillship West Saturn. The exercised option adds $114 million to contract backlog and extends the original contract, which commenced in 2022, through October 2027. |
| 23 Jan 26 |
Brazil: Petrobras expands its presence in the international market with the sale of bunker fuel containing renewable content Petrobras has entered into an agreement to supply bunker fuel with renewable content (VLS B24) to the Norwegian company Odfjell, one of the world’s largest shipowners in the transportation of chemicals and liquid bulk cargo. |
| 20 Jan 26 |
Brazil: Petrobras surpasses 2025 production targets Petrobras reports that, in 2025, its oil production reached 2.40 million barrels of oil per day, exceeding by 0.5 percentage points the upper limit of the target (+4%) established in its 2025-2029 Business Plan. This result represents an 11% growth compared to 2024 production. |
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
