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ANP Director General predicts that Brazil will reach daily production of more than 4 million barrels of oil by 2025

Written by Paulo Nogueira
Published 25/10/2023 às 09:37
Updated 07/11/2023 às 05:27
ANP Director General predicts that Brazil will reach daily production of more than 4 million barrels of oil by 2025
According to the director, more than US$90 billion will be invested in five years

Saboia highlights the importance of seeking new opportunities to ensure continuous development.

The Director-General of National Agency for Petroleum, Natural Gas and Biofuels (ANP), Rodolfo Saboia, stated that Brazil's goal is to exceed the production of 4 million barrels of oil per day by 2025. Currently, the country already produces an average of more than 3,5 million barrels per day. This growth expectation is the result of an investment of more than US$90 billion over the next five years, with 20 new platforms coming into operation by 2027.

This significant increase in oil production will not only be due to pre-salt, but also by the recovery process of mature fields, led by independent oil companies. The recovery of these fields is an important strategy to guarantee the continuity of national production, even if some areas are already in decline.

However, the director warns that it is necessary to explore new frontiers to avoid a decline in production from 2030 onwards. He highlights the importance of making strategic decisions about new exploratory areas, such as the Equatorial Margin and the Pelotas Basin, on the coast of Rio. Grande do Sul. In the case of the Equatorial Margin, the sector faces resistance from Ibama in issuing environmental licenses, which has hampered the advancement of exploratory activities.

Without the development of new exploratory frontiers, there is a risk of a drop in national production of oil from 2030. Therefore, it is essential to consider the strategic importance of this decision and act quickly. The oil market is dynamic and competitive, and Brazil needs to remain at the forefront, ensuring its position as one of the main oil producers and exporters in the world.

The growth in oil production brings several benefits to the country, such as increasing the domestic supply of energy, creating jobs and increasing the collection of royalties and taxes. Furthermore, the oil and gas sector contributes to technological development and innovation, boosting the production chain and strengthening the economy as a whole.

Given this scenario, it is essential that there is a dialogue between the public sector and companies in the sector to facilitate the necessary investments and overcome regulatory and environmental challenges. The partnership between government and the private sector is essential to boost the growth of the oil industry and guarantee a sustainable future for the country.

Therefore, Brazil has great potential to become one of the main oil producers in the world, surpassing the 4 million barrels per day mark by 2025. To achieve this, it is necessary to invest in new exploratory frontiers, guarantee the recovery of mature fields and overcome environmental and regulatory challenges. With a strategic approach and a favorable investment environment, the country can consolidate itself as a power in the oil market and contribute to its economic and energy development in the coming years.

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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