Brazil could double its oil reserves if geological studies are confirmed and the government is already considering offering blocks across the border in the next bids

The Brazilian government is considering offering exploratory blocks (it would be the first time) beyond the limits of 200 nautical miles (about 370 kilometers), which is the limit established by the UN, in its next tenders.
Based on geological studies that point to a great potential for oil reserves beyond these borders, Brazil has been trying since 2004 to get the UN to approve its request, but even without the total approval of the expansion of the coast from 200 nautical miles to 300 or 350 nautical miles, the
oil exploration and production in the region in front of the Santos Basin has already been authorized.

The matter is under analysis at the CNPE (National Council for Energy Policy) and the ANP has already suggested to the body that blocks outside the EEZ (Exclusive Economic Zone) be included in an auction that should take place in 2020.
According to geologist Pedro Zalán, who made his career at Petrobras and now directs the Zag consultancy, Brazil is facing a great deal of extra wealth, which was not foreseen two years ago.

To give you an idea, the current pre-salt reserve has a reserve of around 40 billion barrels and the current pre-salt reserve, beyond 200 nautical miles, would have something between 20 and 30 billion barrels of oil and gas in prospective resources. , which is how you say when they are resources not yet found. Therefore, Brazil may be close to almost doubling its pre-salt reserves.

The expectation of achieving the extension of the borders by Brazil is quite optimistic, since there is already jurisprudence on the case.
Canada is a good example of a country that has already managed to expand its maritime borders, from 200 to 350 nautical miles.

Risks and obstacles

All seismic study involves risks, therefore the expectation that after drilling wells thousands of kilometers long, failure cannot be ignored.
Specialists in the Oil sector warn that the activity, being beyond 200 miles, faces technological and logistical challenges that are much more difficult than those faced today, as it would exceed the autonomy limit of current helicopters and would require supply bases in the middle of the road, for example.

Not to mention the difficult prospecting, as the water depth can exceed 3 meters, to get an idea in the Lula field, the country's largest producer, for example, there are about 2,2 meters.

And speaking of discoveries, the Bahian Recôncavo was also the target of the Brazilian state-owned company, see the details here!