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
| 18 Apr 24 |
Brazil: Petrobras sells its stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petrobras has sold its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco. Production from the two fields was interrupted in March 2020 and the respective platforms have been mothballed ever since. |
| 15 Apr 24 |
Brazil: SLB awarded three contracts for Petrobras’ Buzios field SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield. |
| 10 Apr 24 |
Brazil: Enauta signs MoU with 3R Petroleum and Maha Energy Enauta informs that after unanimous approval from its Board of Directors, it has entered into a Memorandum of Understanding (MoU) with 3R Petroleum and Maha Energy Offshore Brasil regarding a potential transaction involving the integration of Enauta and 3R’s activities. |
| 10 Apr 24 |
Brazil: Petrobras discovers oil in ultra-deep waters of the Potiguar Basin Petrobras has discovered an oil accumulation in the ultra-deep waters of the Potiguar Basin in the Anhangá exploratory well of the POT-M-762_R15 Concession, located on the Brazilian Equatorial Margin. This is the second discovery in the Potiguar Basin in 2024. |
| 08 Apr 24 |
Brazil: Seacrest Petroleo and PetroReconcavo enter strategic drilling services partnership Seacrest Petroleo and PetroReconcavo have entered into a drilling rig services partnership. Under this strategic partnership, PetroReconcavo has mobilised a drilling rig to commence drilling by the end of April. This allows Seacrest Petroleo to accelerate the restart of its 300-well infill drilling program, the largest onshore Brazil, leveraging the track-record of the most experienced onshore drilling capability 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
