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After Record Revenue of R$ 10.3 Billion from Oil and Gas in Brazil in 2024, Pré-Sal Petróleo (PPSA) Expects the Amount to Increase Further in the Coming Years!

Published on 18/02/2025 at 08:16
Updated on 17/02/2025 at 22:40
Arrecadação BILIONÁRIA! Brasil alcança novo recorde de R$ 10,3 bilhões em petróleo e gás. Expectativa da Pré-Sal Petróleo (PPSA) é que o montante aumente ainda mais nos próximos anos
Fonte: Getty images
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With Effective Oil and Gas Marketing Strategies, the Trend is for Value to Increase by 6 Times by 2030, According to PPSA.

In 2024, Brazil reached a new milestone in revenue from oil and gas exploration, totaling R$ 10.3 billion. This substantial amount reflects the increase in production and the strategies adopted by Pré-Sal Petróleo (PPSA), which has optimized the commercialization of resources.

The expansion of production, especially in the pre-salt area, is generating increasingly significant financial results for the National Treasury, demonstrating the growth potential of the sector.

The Growth of Revenue from Oil and Gas

The significant increase in revenue was driven by several factors, as explained by PPSA’s interim president, Tabita Loureiro.

According to her, the evolution of production in sharing contracts and the enhancement of marketing strategies have contributed to the Union obtaining an increasingly larger share of the extracted oil and gas.

In 2024, commercialization reached 56 shipments of 500,000 barrels of oil, a considerable increase compared to 33 shipments in 2023 and 22 in 2022. The forecast is that by 2030 the number of commercial shipments will rise to over 365.

The production from oil fields under the production sharing regime, including the Tupi Field, has been a key piece in this advancement.

The contracts signed by PPSA and the auctions conducted by B3 since 2021 have generated significant volumes of resources for the National Treasury.

Pré-Sal Petróleo, responsible for the commercialization of oil produced in the pre-salt, has adopted new marketing practices that, according to Tabita Loureiro, result in positive impacts on financial results.

She also highlights the ongoing effort to make the production process and the increase in production faster, more efficient, and more economical.

The Tupi Field and Other Fields

Among the oil fields that stood out in 2024, the Tupi Field made a significant contribution, although with a smaller number of shipments sold.

The highlight goes to the Mero Field, which accounted for 43 shipments of oil, followed by Búzios with 6, and Sépia with 3. The commercialization also extended to natural gas, with 53.8 million cubic meters sold to Petrobras.

The sale of oil in Brazil is conducted through long-term contracts established in auctions promoted by PPSA.

Direct sales also play an important role, especially in the Sépia and Atapu fields, which did not go through auction.

Energy Transition and the Role of Pré-Sal Petróleo

The global energy transition, which aims to reduce carbon emissions and promote renewable energy sources, is also impacting the oil and gas industry.

However, projects in the pre-salt, such as the Tupi Field, have proven to be more efficient in terms of carbon emissions compared to the global average.

Tabita Loureiro points out that emissions from production sharing contracts in 2024 were around 60% of the global average.

Additionally, the oil and gas sector in Brazil accounts for less than 2% of national emissions, placing the country in a favorable position in the context of the energy transition.

Brazil still has an energy matrix considered one of the cleanest in the world, with almost 50% of its energy coming from renewable sources.

The president of PPSA also emphasizes that the exploration of the pre-salt and the production of oil in Brazil have contributed to the country’s energy security, allowing self-sufficiency and avoiding the need to import more polluting oil.

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Andriely Medeiros de Araújo

Currently pursuing higher education. Writes about Oil, Gas, Energy, and related topics for CPG — Click Petróleo e Gás.

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