Production

Ahead of Mexico and Venezuela, Brazil is the largest producer of oil in Latin America

T&B Petroleum/Press Office
09/08/2017 14:32
Ahead of Mexico and Venezuela, Brazil is the largest producer of oil in Latin America Imagem: Petrobras Agency Visualizações: 1118 (0) (0) (0) (0)

The federal government's reforms in the energy sector, ranging from the strengthening of Petrobras to changes in the pre-salt regulatory framework, led Brazil to become the largest oil producer in Latin America, ahead of major producers such as Mexico and Venezuela.

 

Data from the National Petroleum, Gas and Biofuels Agency (ANP), referring to the oil and gas sector last year, show that oil production in Brazil increased by 3.2%. This is the same rate as OPEC countries, which brings together global giants like Saudi Arabia and the United Arab Emirates.

 

For experts, the investments made in recent years by Petrobras, especially in the pre-salt area, have contributed to the increase in production. They point out that measures to strengthen the sector, such as the framework that exempts the state from being the sole operator of the pre-salt, can generate more competition and increase investments.

 

"What is expected is that, in theory, the potential of investments in the oil field in the country will be leveraged. With more than one company investing, there is a greater possibility of investments by companies," said the oil and gas analyst at Tendências Consultoria , Walter de Vitto.

Most Read Today
see see
E&P
Investments in exploration could reach up to US$ 2.3 bil...
03/04/25
OTC Houston 2025
Sebrae Rio: Registrations for the Technical Mission to O...
02/04/25
Company News
Global Reach Inspires OMMICA to Significant Sales Increase
31/03/25
Local Content
The National Agency of Petroleum, Natural Gas, and Biofu...
28/03/25
Pernambuco
RNEST Increases Processing Capacity with Completion of T...
28/03/25
Equatorial Margin
Petrobras Contributes to the Expansion of Brazil’s Conti...
28/03/25
iBEM25
Engineering Students Adapt Vehicle for Renewable Energy ...
28/03/25
iBEM25
Closing of iBEM 25: A Milestone in Latin America's Energ...
28/03/25
iBEM25
iBEM 25: Conference Addresses Challenges of Recycling Ma...
27/03/25
iBEM25
Company Promotes Well-Being Moments for iBEM 25 Participants
27/03/25
iBEM25
iBEM 25 Gathering Fosters Meaningful Networking in a Rel...
27/03/25
iBEM25
Plenary on Integrated Energies Discusses Aspects of Ener...
26/03/25
Rio de Janeiro
Rede de Oportunidades for Firjan SENAI SESI Suppliers Pr...
26/03/25
iBEM25
International Meeting in Bahia opens with representation...
26/03/25
iBEM25
iBEM International Kicks Off Highlighting Industry Poten...
25/03/25
iBEM25
Sponsored by Bahiagás, the event brings together all the...
25/03/25
Refining
Revap Celebrates 45 Years
25/03/25
Rio de Janeiro
Firjan's Rio Exporta Bulletin Highlights Record in Rio's...
25/03/25
iBEM25
International Energy Meeting kicks off this Tuesday in S...
25/03/25
Pre-Salt
Petrobras reports results of exploratory well in Campos ...
25/03/25
Company News
Bunker One centralizes multinational activities in Latin...
25/03/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.