PPSA Projects R$ 500 Billion in Revenue, and Brazil Could Reach Top 3 Oil Producers by 2030

Written by Rafaela Fabris

Published on 05/12/2024 at 15:46

Com a venda de petróleo da União, PPSA estima arrecadação de R$ 500 bilhões em 10 anos; produção deve alcançar 543 mil barris por dia e arrecadação total pode ultrapassar R$ 1 trilhão com royalties e tributos. (Imagem: Reprodução)

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PPSA, The State Company Managing the Pre-Salt Sharing Contracts and the Union’s Share in Production, Estimates to Raise Over R$ 500 Billion in the Next Ten Years from the Sale of Oil from the Union. This Information is Part of the Study “Estimation of Production from Sharing Contracts and Revenue for Public Coffers from 2025-2034,” Presented This Thursday (5) at the Annual Technical Forum of the Company.

According to Tabita Loureiro, President of PPSA, the amount considers the “most likely” scenario among three projections made, based on an average price of US$ 70 for a barrel of Brent and an exchange rate of R$ 5.43. When adding the values of royalties and taxes, the revenue could exceed an impressive R$ 1 trillion for public coffers.

Production Growth Places the Union Among the Largest Producers

The Union’s oil production, which reached one hundred thousand barrels per day (bpd) in October, positions the government as the fifth largest national producer. The most likely scenario points to a production peak in 2030, reaching 543 thousand bpd, consolidating the Union in the top 3 of the country’s largest producers. In the optimistic scenario, production could reach 583 thousand bpd in the same year, Loureiro noted.

In natural gas, PPSA anticipates a significant jump. Even in the pessimistic scenario, production is expected to rise from the current 255 thousand m³ per day to 3.3 million m³ per day by 2031. In the optimistic scenario, this volume reaches 3.5 million m³ per day, remaining above three million for five consecutive years. Part of this gas will be processed, generating LPG and liquids.

ARTICLE CONTINUES BELOW

Three Scenarios for PPSA, A Promising Future

PPSA has outlined “pessimistic,” “most likely,” and “optimistic” scenarios for the next ten years. The projection of R$ 500 billion is based on the most likely scenario, but even with Brent prices at US$ 50, revenue is expected to grow. In addition to oil prices, the projection considers variables such as exchange rates and the commissioning of new platforms.

Regardless of the scenario, the study reaffirms the strategic potential of the Pre-Salt and the importance of selling oil from the Union as a driver for revenue and economic development.

Impact and Prospects

With growth prospects in production and revenue, PPSA consolidates its role as one of the main players in the country’s energy economy. The impact of the Union’s oil sales goes far beyond numbers: it represents the strength of the Pre-Salt and the transformative potential for Brazil.

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José Jailson

#91771

07/12/2024 08:05

Ainda teve pessoas que criticaram o regime de partilha criado no governo Dilma. Todos sabiam da possibilidade de alta produtividade dos poços do pré sal ,a iniciativa privada com sua ganância por lucros altos, não gostou. Eis que agora os resultados começam a surgir . Esses recursos extras abastecem um fundo criado para investimentos sociais e diminuição das mazelas desse país através da educação,e ainda abate o principal da dívida publica. Espero que no decorrer dos anos não façam nenhum movimento para que seus recursos tenham um outro destino além para o qual foi criado.

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Edmo j. Da Silva

#91603

06/12/2024 18:54

Pra riba Br😃😁.. pré -sal e agronegócio bombando!! Espero que o governo gere bem os recursos!!! 👌

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PPSA Projects R$ 500 Billion in Revenue, and Brazil Could Reach Top 3 Oil Producers by 2030

Production Growth Places the Union Among the Largest Producers

Three Scenarios for PPSA, A Promising Future

Impact and Prospects

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