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Home It's coming: Production of 1,1 million barrels of oil per day from 2029 on the Equatorial Margin. Learn about the challenges of sustainable exploration, which will change the Brazilian economy

It's coming: Production of 1,1 million barrels of oil per day from 2029 on the Equatorial Margin. Learn about the challenges of sustainable exploration, which will change the Brazilian economy

28 March 2023 to 23: 06
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Equatorial Margin may have unprecedented profits by 2029 | Photo: Click Oil and Gas

The Equatorial Margin region is one of the most promising in Brazil for oil generation

According to the Brazilian Infrastructure Center (CBIE), the Equatorial Margin region, in northern Brazil, could produce 1,1 million barrels of oil per day from 2029 onwards. most promising of the country for oil exploration, with large reserves still to be exploited.

Petrobras is the main oil exploration company in the Equatorial Margin region and has invested heavily in exploring this area. According to the state-owned company, oil production in the region could double in the coming years, boosting the Brazilian economy and increasing government revenue.

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Learn more about one of the debates on oil exploration on the Equatorial Margin with the video below

Commission discussed the effects and challenges of exploring for oil on the equatorial margin | Playback – Youtube: Chamber of Deputies

Other companies, in addition to Petrobras, are also interested in exploring the region.

In addition to Petrobras, other companies in the oil sector have shown interest in exploring the Equatorial Margin. The French Total and the Norwegian Equinor are some of the companies that already have concessions in the region and are investing in exploration projects.

According to the CBIE, oil exploration on the Equatorial Margin could bring a series of benefits to the Brazilian economy, such as increased tax and royalty collection, job creation and boost to the service sector. In addition, oil production in the region could help reduce Brazil's dependence on oil imports, making the country more self-sufficient in this sector and improving the economy. economy.

Oil exploration on the Equatorial Margin raises environmental concerns and has sustainable challenges

However, oil exploration in the Equatorial Margin region also raises environmental concerns. After all, the region is home to a number of sensitive marine ecosystems and endangered species. Therefore, it is important that oil exploration in the region be done in a responsible and sustainable manner. That is, with the adoption of measures to minimize environmental impacts.

In short, oil exploration on the Equatorial Margin can bring great benefits to the Brazilian economy. However, it is important that it is done in a responsible and sustainable way, taking into account the environmental impacts. Furthermore, with the participation of companies such as Petrobras, Total and Equinor, the region has the potential to become an important production hub.

After all, what is the Equatorial Margin and why is it so interesting?

The Equatorial Margin region is known for having big reservations of oil not yet explored. According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the region has around 14 billion barrels in potential reserves.

The oil found on the Equatorial Margin has characteristics that are different from those found in other regions of Brazil. It is considered lighter and less viscous, which facilitates its extraction and transportation. In addition, the compost from the region has a low sulfur content, which makes it more valuable in the international market.

The extraction process on the Equatorial Margin is challenging, as the region is known to have a complex and diverse marine environment, with a range of currents and winds that can make exploration difficult. Therefore, Petrobras and other companies invest in technology and innovation to overcome these challenges and maximize oil production in the region.

In addition, oil exploration on the Equatorial Margin can also have positive impacts on the region's economy. Oil production can generate direct and indirect jobs, in addition to stimulating the development of other sectors of the economy, such as tourism and infrastructure. However, it is essential to be cautious with the next steps.

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