The head of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Magda Chambriard, said at the opening of the Rio Oil & Gas 2014, in Rio de Janeiro, if development goes as planned, Brazil’s policy will allow it to reach crude oil export levels of between 1.5 million and 2 million barrels/day between 2018 and 2020. The volume represents an increase of $ 50 billion to $ 65 billion in the Brazilian trade balance.

Currently, the country produces 2.2 billion barrels of oil (oil and gas), but the start-up of reserves already discovered in the pre-salt should double this capacity between 2020 and 2022.

Chambriard relies on expected results and said that the ANP has worked to diversify new frontiers of exploration. Magda mentioned the study presented by National Bank for Economic and Social Development (BNDES) in which they would be provided for investment of R $ 488 billion in the Oil & Gas sector between 2014 and 2017 "It is a huge number compared to investments in any sector in any country in the world ", she said.

Eastern Margin

Chambriard also said that the agency has focused on assessing the environmental and geological studies of the eastern Brazilian margin, an area that ranges from the states of Rio Grande do Sul and Rio Grande do Norte. According to her, the first evaluations were good and the ANP works for this frontier can be included in the 13th licensing round, scheduled for the first half of 2015.

Local Content

The director general of the ANP also defended the local content policy established by the Brazilian government. Ranked the advances made in the last 10 years as a "first phase" and considered that the Brazilian shipbuilding industry is recognized worldwide soon.

"These are platforms, drilling rigs, hulls, etc. This is a very great achievement of orders that reinforce the benefits of this policy, "she said. Magda observed that the ability of several Brazilian shipyards are being expanded and cited the installation of new equipment as a fact that enables increased efficiency and potential of the marine industry.

"Subsea equipment, for example, we are building and we are one step closer to being exporters. That means we have price, time and quality. "