Brazil ended 2021 with 13.24 billion barrels of oil of proven reserves, an increase of 11% compared to 2020, according to the National Petroleum Agency. In the pre-salt layer, a 15.7 percent growth was reported in proven reserves against 2020, adding up to 9.621 billion barrels. According to the ANP, part of the growth stem from the inclusion of the surplus from the contract for the Búzios and Itapu fields, in the pre-salt layer of the Santos Basin. As a result, the replacement rate of the country’s total proven reserves in 2021 was 227%, with about 2.337 billion barrels of new reserves. Altogether, the sum of Brazil’s proven plus probable oil reserves stood at 19.95 billion barrels at the end of last year, an increase of 14.3% over the previous year. In turns, proven plus probable plus possible oil reserves reached 24.24 billion barrels, a growth of 19.8% in the annual comparison. For natural gas, Brazilian proved reserves totaled 378.65 billion cubic meters (m³) at the end of 2021, a growth of 11.7% compared to 2020.
Sources: Valor/Portos e Navios (*Translated by Ia Niani)