BRAZIL

(in South America)

CAPITAL: BRASILIA

POPULATION: 189 mm

AREA (on): 8,512,000 km2

OIL PEAK: 2018 (forecast)

SUPPLY

Brazilian oil production has been increasing rapidly since 1996 as deep water developments in the Campos basin off Rio de Janeiro State have proceeded. Despite the need for pioneering technologies and some setbacks, deep waters are now fundamental to the Brazilian oil industry. Growth is expected to continue as new fields here and - discovered more recently - sub-salt fields in the Santos Basin, largely in Espirito Santos State, south of Campos, come onstream.

Gas production is also on the increase. Not only is there growing output from Campos, as flaring is reduced, but the Santos basin has seen large gas discoveries, which will progressively come onstream over the next decade.

 

DEMAND

Brazil is a big oil consumer, with its large population, and is still a net importer. Higher prices have kept demand growth low since 1999 and Brazil has, for many years, been actively pursuing alternative energy sources such as biomass to make ethanol.

However growth in indigenous oil output will soon convert the country into a net exporter, which is encouraging more oil consumption in the country and a some stronger growth in oil use in transport is forecast.

Brazil also imports a modest amount of gas from neighbouring countries. New gas production should allow the country to commence gas exports after 2010.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

Spot any errors? - please CONTACT US with comments.     About Us | Terms/Conditions | Disclaimer | Caveats/Definitions | Advertise

 Copyright 2010 Energyfiles Ltd. All rights reserved