Minister Alexandre Silveira Signed the Ordinance Establishing the Potencializa E&P Program on Monday (September 23)
The initiative aims to promote the sustainable development of oil and gas exploration and production, focusing on new exploratory frontiers and marginal economic fields. The proposal, signed during the opening ceremony of the Rio Oil & Gas (ROG.e) conference in Rio de Janeiro, seeks to attract foreign investments and support the energy transition.

"The oil and gas sector in Brazil is essential for public finances. The most significant projects of the PAC (Growth Acceleration Program), along with social investments, are from the oil and gas sector, and strengthening this area means creating better-quality jobs with more prospects for oil workers. The program fully aligns economic development with environmental preservation and opportunity creation. It is growth with social inclusion," said Silveira in his speech at the conference’s opening ceremony.

Potencializa E&P

The Potencializa E&P program will include participation from the Ministry of Mines and Energy (MME), the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), and the Energy Research Company (EPE), along with other invited institutions that will not have voting rights.

The program outlines the creation of five subcommittees that will focus on analyzing the following: the Sustainable Development of E&P Activities; the Promotion of Marginal Economic Field Development; Improvements in the Area Offer System for E&P; Incentives for the Expansion of the National Goods and Services Supply Chain; and the Development of Oil and Natural Gas Resources in Unconventional Reservoirs.

In the Equatorial Margin, investments are expected to reach R$ 280 billion, with potential reserves of 10 billion barrels of oil and the possibility of generating 350,000 jobs. Government revenues are estimated to exceed R$ 1 trillion. Furthermore, the exploration of unconventional gas, which has the potential to produce 32 million cubic meters of natural gas per day, could create up to 140,000 jobs.