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LatAm Energy Corner
LatAm Energy Corner - Brazil's strong fundamentals for production growth through the early 2030's
Welcome to the second edition of our LatAm Energy Corner, a quarterly update on the intricate energy dynamics shaping Latin America. Our focus in this edition lands on Brazil. The story of oil and gas in Brazil has been a very exciting one for decades. Brazil is a country that, unlike other Latin American countries, continues demonstrate growth in the hydrocarbons space year-on-year. We foresee a growth in production of approximately six percent per year through 2032. Brazil is looking to add approximately two million barrels per day throughout the remainder of the decade, peaking at about five and a half million barrels per day in 2032. What is anchoring that growth is the potential of the deepwater coming from the pre-salt Santos Basin.
We are delighted to have Daniel Leppert, Senior Vice President and Head of Research for Latin America, as our expert for this edition. Mr. Leppert has more than 10 years of experience in the region's oil, gas and energy sectors and holds a Master's Degree in Mineral and Energy Economics from the Colorado School of Mines.
The story of oil and gas in Brazil has been a very exciting one for decades. We foresee growth of approximately six percent per year through 2030. We're looking to add approximately two million barrels of production throughout the remainder of the decade, peaking at about five and a half million barrels per day in 2032.
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