Brazil’s Oil and Gas Sector to Attract Over $120 Billion in Investments by 2029

INSUBCONTINENT EXCLUSIVE:
2029, according to data from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP).These funds will largely focus on offshore
The Campos Basin will secure R$ 195.8 billion, or 32.2% of the total, while the Santos Basin will attract R$ 347 billion, representing
activities, leaving just R$ 20 billion (3.3%) for onshore fields
The ANP projects that Brazil will produce 4.28 million barrels of oil and 221 million cubic meters of natural gas daily during this
period.In 2025 alone, investments are expected to reach R$ 139.5 billion, with the Campos and Santos Basins accounting for an overwhelming
in this expansion
revitalizing mature fields in the Campos Basin and deploying advanced technologies to improve efficiency and reduce emissions
Petrobras aims to maintain its position as a low-cost producer while addressing environmental concerns through $16.3 billion in low-carbon
$40 per barrel
energy and emissions reduction technologies
global sustainability trends.