NEW OIL ERA ON THE EQUATORIAL MARGIN: A GAME-CHANGER FOR OIL COMPANIES TO GENERATE BILLIONS

The Brazilian Equatorial Margin between Amapá and Rio Grande do Norte is the next oil development frontier with 30 billion barrels under consideration. Like pre-salt, this area has environmental and economic concerns and opportunities. Petrobras plans to invest USD 3.1 billion between 2024 and 2028 to research the area and ensure Brazil’s energy security. Other industry companies may benefit. Exploration could add 1.1 million barrels per day by 2029, according to Brazil’s Petroleum Agency (ANP). In addition to increasing productivity, the Equatorial Margin will create jobs and collect taxes in the North and Northeast. However, its biodiversity requires extensive environmental studies and a robust regulatory structure to balance expansion and sustainability.
Source: Investidor10 (*Translated by Ia Niani)