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The Data From IBP And ABPIP Indicated That The Oil And Natural Gas Sector Continues To Grow Significantly, Generating A Return For The Wealth Of The Country.
It is well known that Brazil has one of the largest oil reserves in the world, located on the ocean floor, and immense potential on land, with extremely privileged geology. According to IBP data, between 2016 and 2022, the onshore market is currently responsible for 6% of the total production of oil and natural gas, and independent operators were responsible for a 30% increase in onshore production. IBP data also reveals billion-dollar investments for the coming years.
Considerable Growth By Oil And Natural Gas Companies In Brazil, Indicates IBP And ABPIP
Today, independent oil and natural gas companies operate 179 fields and have experienced considerable growth, driven by the acquisition of assets from Petrobras, under the disinvestment plan initiated in 2015 during the Dilma administration.
According to ABPIP, the Brazilian Association of Independent Oil and Gas Producers, the production of oil and natural gas by these companies, spread across various regions of Brazil, is currently 150,000 barrels of oil per day and has the potential to reach 500,000 by 2029.
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The rise in oil prices could ensure an extra revenue of R$ 100 billion for the Federal Government, indicates a recent economic study.
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Naturgy begins an investment of R$ 1.6 million to expand the gas network in Niterói and benefit thousands of new residences and businesses.
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A major turn in the Justice system suspends tax increases and directly impacts oil and gas companies in Brazil by affecting costs, contracts, and financial planning, leaving uncertain what could happen to the sector if these costs had increased.
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Brava Energia begins drilling in Papa-Terra and Atlanta and could change the game by reducing costs in oil while increasing production and strengthening competitiveness in the offshore market.
Another piece of data highlighted by ABPIP is a trend of growth in activities carried out by small and medium-sized companies in the onshore sector.
The positive impact generated by independent operators has been fundamental in expanding the supply of gas, allowing for increased industrial competitiveness in the Northeast states.
In 2022, the payment in royalties by independent players was approximately R$ 1 billion. Rio Grande do Norte has enjoyed the cheapest gas in the country since early 2022,
Investments Until 2029 Promise To Further Stimulate The Oil And Gas Sector
Also 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 lifespan of land fields.
According to Anabal Santos, executive secretary of the Brazilian Association of Independent Producers: “Independent producers are leading the resumption of investments in Brazilian onshore, stimulating production chains and creating a more diverse and competitive business environment. The actions of these companies represent significant movements toward a more open market, promoting growth and economic development, with job and income generation for thousands of people,” concluded the specialist.
Anabal also emphasized that junior oils have been training professionals, generating jobs — approximately 315,000 in total — and economically collaborating with the community in each region where they operate.
In conclusion, the executive secretary states that the expansion of independent operators has brought economic, environmental, and social benefits that positively impact the lives of thousands of people, with numerous projects that prioritize better quality of life and the sustainable development of the local population.
Projects Developed By Oil And Gas Companies That Focus On Society
There are active projects that contribute to a more just and equal society, fighting for every citizen’s rights.
PetroReconcavo, for example, supports the Ciranda Viva Recôncavo Project in Bahia, with numerous projects that promote sports, the environment, and culture.
In addition to maintaining the Viva Sabiá program in Rio Grande do Norte, which carries out campaigns for resource preservation, access to purified drinking water through solar radiation, cisterns, renovations of water tanks and artesian wells.
The project will also undergo expansion with the help of the Banco do Brasil Foundation, which will provide 960,000 liters of water for domestic consumption and support an agroecological production unit.
3R Petroleum is involved in Hunger Combat projects in Rio de Janeiro, Bahia, and Rio Grande do Norte.
It partners with the Instituto da Criação and actively participates with the NGO Junior Achievement in actions to promote entrepreneurship.
Eneva has invested more than R$ 4 million in social and environmental projects, involving family farming, education, and reducing illiteracy.
There is also Seacrest in Espírito Santo, which supports actions focused on the development of education and sports, providing assistance to local entities.
And Origem Energia, operating in the states of Bahia, Alagoas, Espírito Santo, and Rio Grande do Norte.
The second year of the Ser+ Project begins now in 2023 and focuses on entrepreneurial education in the company’s areas of operation and the management of local waste through recycling.
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