In 2024, investments in Brazil’s oil and natural gas production phase soared to R$94.2 billion—an increase of 150% compared to R$37.7 billion in 2022, according to the ANP’s new panel. Over the past three years, the sector received R$190 billion in total investments, with R$36 billion allocated to platform construction and just R$134 million for environmental recovery. The Santos basin led with R$116 billion (61.6%) in production-phase investments, followed by the Campos basin with R$62.6 billion (33.1%). The sector operates in two phases: exploration (to identify and assess reserves) and production (after ANP’s approval of development plans).
Source: Nova Cana
INVESTMENT IN OIL AND GAS PRODUCTION RISES 150% IN 2024 COMPARED TO 2022, SAYS ANP
Published On - 12 de June de 2025