Investments in oil and gas production in Brazil could exceed R$500 billion by 2028, says ANP

Investments in oil and gas production in Brazil could exceed R$500 billion by 2028, says ANP
Investments in oil and gas production in Brazil could exceed R$500 billion by 2028, says ANP
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RIO DE JANEIRO (Reuters) – Investments in oil and natural gas production in Brazil could exceed 500 billion reais in the period between 2024 and 2028, the majority of which will be in the Campos and Santos basins, the regulatory agency said on Wednesday ANP.

Of the total amount, the Santos Basin will represent 61% of the investments, while the Campos Basin would account for 28%, according to a statement from the National Petroleum, Natural Gas and Biofuels Agency (ANP).

In the same period, the ANP reported that average production volumes of 4.195 million barrels per day of oil and 209 million cubic meters per day of natural gas are estimated.

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The data was collected based on information declared by contractors in the Annual Work and Budget Programs (PAT) and Annual Production Programs (PAP) of current contracts, and is subject to updates at any time, said the ANP.

The forecasts refer only to the production phase, which is the second phase of the contracts.

The article is in Portuguese

Brazil

Tags: Investments oil gas production Brazil exceed R500 billion ANP

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