Between 2024 and 2028, approximately R$ 514 billion in investments are forecasted for the production phase of current contracts for oil and natural gas exploration and production in Brazil. Within this total, the Santos Basin accounts for 61%, and the Campos Basin for 28% of the investments.

During the same period, average production volumes are estimated at 667 thousand cubic meters per day (m3/d) of oil (equivalent to 4.195 million barrels per day) and 209 million m3/d of natural gas, with 180 million m3/d after CO2 discount.

The data is available on the Dynamic Query Panel for Forecasts of Activities, Investments, and Productions in the Production Phase, updated today (31/1). The Panel presents information declared by contractors in the Annual Work and Budget Programs (PAT) and Annual Production Programs (PAP) of current contracts, subject to updates at any time. The forecasts refer only to the production phase, which is the second phase of the contracts. Forecasts of investments in the first phase (exploration phase) for 2024 were recently released by ANP.

Regarding the forecasts of activities to be carried out by field operators, the following stand out: drilling (1.7 thousand) and re-completions (1.8 thousand) of producing wells; 3D seismic acquisition (22.3 thousand km²); laying of lines and risers (6.3 thousand km); removal of lines (3.5 thousand km); and abandonment (about 3.9 thousand) and plugging of wells (about 3.8 thousand).

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