The oil and natural gas sector in Brazil continues to grow and by 2029, more than R$40 billion will be invested, points out the ABPIP

Data from IBP and ABPIP, pointed out that the oil and natural gas sector continues in ample growth, generating a return for the country's wealth. 

It is common knowledge that Brazil has one of the largest oil reserves in the world, located at the bottom of the oceans, and immense potential on land, with an extremely privileged geology. According to IBP data, between 2016 and 2022, the onshore market is currently responsible for 6% of total oil and natural gas production and the independent carriers were responsible for the 30% increase in onshore production. The ABPIP data reveal billionaire investments for the coming years.

Considerable growth by oil and natural gas companies in Brazil, points out the IBP and ABPIP

Today, independent oil and natural gas companies operate 179 fields and have experienced considerable growth, promoted by obtaining assets from Petrobras, through the divestment plan initiated in 2015 during the Dilma government.

According to ABPIP, the Brazilian Association of Independent Oil and Gas Producers, the production of oil and natural gas by these companies, spread across different regions of the Brazilian territory, is currently 150 barrels of oil per day and has the potential to reach to 500 thousand by 2029.

Another data that ABPIP highlighted is a growth trend in activities carried out by small and medium-sized companies onshore.

The positive impact generated by independent operators has been fundamental in expanding the supply of gas, providing opportunities for increased industrial competitiveness in the states of the Northeast.

In 2022, the payment in royalties by independent players was approximately BRL 1 billion. Rio Grande do Norte, since the beginning of 2022, enjoys the cheapest gas in the country, 

Investments until 2029 promise to move the oil and gas sector even further

Still according to ABPIP data, there will be investments of R$40 billion until 2029 in projects that stimulate production growth, increasing the recovery factor and expanding the useful life of onshore fields.

According to Anabal Santos, executive secretary of the Brazilian Association of Independent Producers: “Independent producers are driving the resumption of investments in the Brazilian onshore, stimulating production chains and creating a more diversified and competitive business environment. The performance of these companies represents significant movements towards a more open market, promoting growth and economic development, generating jobs and income for thousands of people”, concluded the expert.

Anabal also pointed out that the junior oils they have been instructing professionals, generating jobs — approximately 315 in total — and collaborating economically with the community in each region where they operate.

At the end of his speech, the executive secretary states that the expansion of independent operators has brought economic, environmental and social benefits that have a positive impact on the lives of thousands of people, with numerous projects that value a better quality of life and the sustainable development of the population local.

Projects developed by oil and gas companies, but with society in mind

There are active projects that collaborate in favor of a fairer and more egalitarian society, fighting for each citizen to have their right.

PetroReconcavo, for example, nurtures the Ciranda Viva Recôncavo Project, in Bahia, with numerous projects to encourage sports, the environment and culture.

In addition to maintaining the Viva Sabiá program, in Rio Grande do Norte, which carries out campaigns to preserve resources, access to purified drinking water through solar radiation, cisterns, repairs to water tanks and an artesian well.

The project will also undergo expansion with the help of Fundação Banco do Brasil, which will take 960 liters of water for domestic consumption and support an agroecological production unit

3R Petroleum already has projects to Combat Hunger in Rio de Janeiro, Bahia and Rio Grande do Norte.

They are partners of Instituto da Crianca and actively participate with the NGO Junior Achievement with actions to promote entrepreneurship.

Eneva invested more than BRL 4 million in social and environmental projects, involving family farming, education and the reduction of illiteracy.

There is also Seacrest, in Espírito Santo, which supports actions focused on the development of education and sports, supporting the work of local entities.

And Origin Energia, operating in the states of Bahia, Alagoas, Espírito Santo and Rio Grande do Norte.

The second year of Projeto Ser+, now starting in 2023, focuses on entrepreneurial education in the regions where the company operates and manages local waste with recycling.

Be the first to react!

0

Liked

0

Amei

0

Haha

0

Uau

0

Sad

0

grr