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
| 09 Sep 25 |
Brazil: BW Energy completes Maromba FPSO financing and signs short-term lease for the development rig BW Energy has announced the completion of a USD 365 million project finance facility to fund the refurbishment and redeployment of the Maromba Floating Production Storage Offloading vessel ('FPSO') to the Maromba field offshore Brazil, and has finalised a short-term lease for the acquisition of the Maromba development rig. |
| 04 Sep 25 |
Brazil: TGS and Viridien announce Megabar Extension Phase I multi-client project offshore Brazil TGS, in collaboration with joint venture partner Viridien, has announced the commencement of the Megabar Extension Phase I survey in the Barreirinhas Basin offshore Northern Brazil. The Barreirinhas Basin features proven petroleum systems and giant discoveries in adjacent Guyana and Suriname basins that demonstrate analogous deepwater play components. |
| 02 Sep 25 |
Brazil: Fugro secures two contracts to support Brazil’s offshore energy expansion Fugro has signed two three-year contracts with offshore energy services company Constellation to support responsible deepwater exploration activities in two of Brazil’s most strategically important regions: the mature Campos Basin and the emerging Equatorial Margin. |
| 02 Sep 25 |
Brazil: 2024 ended with 420 exploration blocks under contract, the highest number since the creation of the ANP The year 2024 ended with 420 exploration blocks under contract, the highest number since the creation of the ANP. This data is available in the 2024 Annual Exploration Report, released September 1 by the Agency, which presents an overview of the performance of the oil and natural gas exploration segment in Brazil from 2016 to 2024. |
| 02 Sep 25 |
Brazil: TechnipFMC awarded two flexible pipe contracts by Petrobras TechnipFMC has been awarded two subsea contracts by Petrobras for flexible pipe for use in the Santos and Campos Basins offshore 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
