Brazil Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies, 2023 Update

Pages: 81 Published: May 19, 2023 Report Code: GDOG0119EP

Brazil Oil and Gas Exploration and Production Market Report Overview

Brazil is the largest crude oil producer in South America. In 1930, oil was discovered in the state of Bahia, but it was not until 1968 that the first extraction project was developed offshore in deep waters from the Guaricema field. The country holds 47.9 billion barrels of oil equivalent (bboe) of crude oil and condensates, of which 27.45 bboe remain underground.

The Brazil oil and gas exploration and production market research report provides an oil & gas production outlook by assets, terrain, and major companies.  The report will help you in decision-making based on a strong historical outlook of oil and gas production data, licensed blocks details, and discoveries

Forecast Period 2023-2028
Historical Period 2019-2022
Key Terrains (Crude Oil and Condensate Production) Onshore, Shallow Water, Deepwater, and Ultra-deepwater
Key Assets (Gross Crude Oil and Condensate Production) Buzios IV (Franco), Mero (Libra Noroeste), Buzios III (Franco), Itapu (Florim), Sepia, and Buzios I (Franco)
Key Assets (Marketed Natural Gas Production) Mexilhao, Mero (Libra Noroeste), Lula Alto, Iracema Norte, Lula Norte, and Buzios I (Franco)
Leading Companies (Crude Oil and Condensate Production) Petroleo Brasileiro SA, Shell plc, TotalEnergies SE, Petroliam Nasional Bhd, Galp Energia SGPS SA, and Equinor ASA
Leading Companies (Marketed Natural Gas Production) Petroleo Brasileiro SA, Shell plc, TotalEnergies SE, Petroliam Nasional Bhd, Galp Energia SGPS SA, 3R Petroleum Oleo E Gas SA, China Petrochemical Corp, and Equinor ASA

Brazil Gross Crude Oil and Condensate Production Market by Terrains

The key terrains analyzed for Brazil gross crude oil and condensate production are onshore, shallow water, deepwater, and ultra-deepwater. In 2022, ultra-deepwater accounted for the highest crude oil and condensate production in Brazil.

Brazil Gross Crude Oil and Condensate Production Market Analysis, by Terrains 2022 (%)

Brazil Gross Crude Oil and Condensate Production Market Analysis, by Terrains 2022 (%)

For more terrain insights into Brazil gross crude oil and condensate production market, download a free report sample

Brazil Gross Crude Oil and Condensate Production Market Segmentation by Assets

The key assets analyzed for Brazil’s gross crude oil and condensate production market are Buzios IV (Franco), Mero (Libra Noroeste), Buzios III (Franco), Itapu (Florim), Sepia, and Buzios I (Franco) among others. In 2022, Buzios IV (Franco)accounted for the highest crude oil and condensate production in Brazil.

Brazil Gross Crude Oil and Condensate Production Market Analysis by Assets, 2022 (%)

Brazil Gross Crude Oil and Condensate Production Market Analysis by Assets, 2022 (%)

For more asset insights into Brazil gross crude oil and condensate production market, download a free report sample

Brazil Marketed Natural Gas Production by Assets

The key assets analyzed for Brazil marketed natural gas production are Mexilhao, Mero (Libra Noroeste), Lula Alto, Iracema Norte, Lula Norte, and Buzios I (Franco) among others. In 2022, Mexilhao accounted for the highest natural gas production in Brazil.

Brazil Marketed Natural Gas Production Analysis, by Assets 2022 (%)

Brazil Marketed Natural Gas Production Analysis, by Assets 2022 (%)

For more asset insights into Brazil marketed natural gas production, download a free report sample

Brazil Oil & Gas Exploration and Production Market - Competitive Landscape

The leading companies in the Brazil crude oil & condensate production market are Petroleo Brasileiro SA, Shell plc, TotalEnergies SE, Petroliam Nasional Bhd, Galp Energia SGPS SA, and Equinor ASA among others.

The leading companies in the Brazil natural gas production market are Petroleo Brasileiro SA, Shell plc, TotalEnergies SE, Petroliam Nasional Bhd, Galp Energia SGPS SA, 3R Petroleum Oleo E Gas SA, China Petrochemical Corp, and Equinor ASA among others. Petroleo Brasileiro SA was the leading company in Brazil oil & gas exploration and production market in 2022.

Brazil Marketed Natural Gas Production Analysis, by Companies 2022 (%)

Brazil Marketed Natural Gas Production Analysis, by Companies 2022 (%)

To know more about leading companies in the Brazil crude oil and condensate production market, download a free report sample

Segments Covered in the Report

Brazil Oil & Gas Exploration and Production Market Terrains Outlook (2019-2028)

  • Shallow Water
  • Onshore
  • Deepwater
  • Ultra-deepwater

Scope

  • Key details of active and upcoming oil and gas assets in the country
  • Recently licensed blocks details, and the latest discoveries
  • Latest mergers and acquisitions related to the E&P sector in the country

Reasons to Buy

  • Gain a strong understanding of Brazil’s E&P sector
  • Facilitate decision-making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries
  • Assess your competitor’s production outlook and licensed blocks details in the country
  • Analyze the latest M&A landscape related to the country’s E&P sector

Table of Contents

  • 1. E&P Overview
  • 2. Production Development Outlook
  • 3. Exploration Activity
  • 4. M&A

    • 4.1. Brazil Exploration and Production Sector, Oil and Gas Production Outlook
    • 4.2. Brazil Exploration and Production Sector, Marketed Natural Gas Production by Terrain
    • 4.3. Brazil Exploration and Production Sector, Gross Crude Oil and Condensate Production by Assets
    • 4.4. Brazil Exploration and Production Sector, Marketed Natural Gas Production by Assets
    • 4.5. Brazil Exploration and Production Sector, Net Entitlement Crude Oil and Condensate Production by Major Companies
    • 4.6. Brazil Exploration and Production Sector, Net Entitlement Natural Gas Production by Major Companies
    • 4.7. Brazil Exploration and Production Sector, Active and Upcoming Oil and Gas Asset Details
    • 4.8. Brazil Exploration and Production Sector, Exploration

      • 4.8.1. Brazil Exploration and Production Sector, Exploration Details, Exploration

    • 4.9. Brazil Exploration and Production Sector, Major Oil and Gas Discoveries

      • 4.9.1. Brazil Exploration and Production Sector, Number of Oil and Gas Discoveries, 2019 – 2023
      • 4.9.2. Brazil Exploration and Production Sector, Oil and Gas Discovery Details

  • 5. Recent Contracts
  • 6. Recent M&A Activity
  • 7. Appendix

    • 7.1. Methodology
    • 7.2. Coverage
    • 7.3. Secondary Research

List of Tables

Brazil, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2019-2028 8

Brazil, Marketed Natural Gas Production by Terrain (mmcfd), 2019-2028 9

Top 10 Fields in Brazil by 2019-2028 Crude Oil Production 10

Top 10 Fields in Brazil by 2019-2028 Natural Gas Production 13

Top 10 Companies in Brazil by 2019-2028 Crude Oil and Condensate Production 16

Top 10 Companies in Brazil by 2019-2028 Natural Gas Production 22

Brazil, Active and Upcoming Oil and Gas Assets by Production Start Year 2019-2028 25

Brazil, Number of Oil and Gas Discoveries, 2019 – 2023 43

List of Figures

Brazil, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2019-2028 8

Brazil, Marketed Natural Gas Production by Terrain (mmcfd), 2019-2028 9

Top 10 Fields in Brazil by 2019-2028 Crude Oil Production 10

Top 10 Fields in Brazil by 2019-2028 Natural Gas Production 13

Top 10 Companies in Brazil by 2019-2028 Crude Oil and Condensate Production 16

Top 10 Companies in Brazil by 2019-2028 Natural Gas Production 22

Brazil, Active and Upcoming Oil and Gas Assets by Production Start Year 2019-2028 25

Brazil, Number of Oil and Gas Discoveries, 2019 – 2023 43

Frequently Asked Questions

In 2022, ultra-deepwater accounted for the highest crude oil and condensate production in Brazil.

In 2022, Buzios IV (Franco)accounted for the highest crude oil and condensate production in Brazil.

In 2022, Mexilhao accounted for the highest natural gas production in Brazil.

The key companies in the Brazil crude oil & condensate production market are Petroleo Brasileiro SA, Shell plc, TotalEnergies SE, Petroliam Nasional Bhd, Galp Energia SGPS SA, and Equinor ASA.

The key companies in the Brazil natural gas production market are Petroleo Brasileiro SA, Shell plc, TotalEnergies SE, Petroliam Nasional Bhd, Galp Energia SGPS SA, 3R Petroleum Oleo E Gas SA, China Petrochemical Corp, and Equinor ASA others.

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