ANP (Brazilian National Agency of Petroleum, Natural Gas and Biofuels) published today (June 30) the consolidated information on the development of the oil, natural gas, and biofuels sector in Brazil for the year 2024. The charts, tables, graphs, cartograms, and texts can be accessed on ANP’s website.

Total oil reserves in 2024 increased by 6% compared to 2023, reaching 29.2 billion barrels. Proven oil reserves totaled 16.8 billion barrels, also up 6%. National oil production declined by 1% in 2024, averaging 3.4 million barrels per day. Pre-salt oil production averaged 2.6 million barrels per day during the year, accounting for approximately 78.8% of Brazil’s total production. Oil exports reached 1.7 million barrels per day, while oil imports totaled 282,000 barrels per day.

Last year, total natural gas reserves rose by 5.1%, reaching 740.5 billion cubic meters. Proven reserves amounted to 546 billion cubic meters, a 5.6% increase over the previous year. Natural gas production grew by 2.5%, marking the fifteenth consecutive year of growth, reaching 153.2 million cubic meters per day. Pre-salt production also increased its share of total national gas output, representing 76.7% in 2024.

In the biofuels sector, biodiesel production in 2024 was 20.4% higher than the previous year, mainly due to the increase in the biodiesel blending rate in diesel fuel. Ethanol production rose by 4.2%, reaching a record 37 billion liters. Hydrated ethanol gained greater price competitiveness over gasoline C, resulting in a 33.9% increase in sales for the year.

Domestic production of oil derivatives grew by 1.2% in 2024, reaching 2.2 million barrels per day, which corresponds to 86.4% of the country’s refining capacity. Sales of derivatives by distributors increased by 0.6%, with aviation kerosene standing out with a 6.8% growth.

In 2024, the volume of investment obligations under the R&D clause of concession, production sharing, and transfer of rights contracts reached R$ 4.2 billion, an 8.5% increase over the previous year. Government revenues from royalties and special participation amounted to R$ 98.9 billion, up 2% from the previous year.

The data released today is divided into five sections: National Oil and Natural Gas Industry; Marketing; Biofuels; Block Bidding Rounds; and ANP Resolutions. International data, which will make up Chapter 1 of the Yearbook, is scheduled to be published on July 31.