subject: Recent Offshore Oil Discoveries And Prospects For Brazil's Energy Sector---aarkstore Enterprise Mark [print this page] Summary Summary
Brazil is currently the largest consumer of primary energy among Central and South American countries. In the Western Hemisphere, it ranks third largest after the US and Canada. It faced a serious energy crisis in the years immediately following the Arab Oil Embargo and imported about 85% of its crude oil consumption in the 1970s. In the subsequent years, with the Pr-lcohol policy to increase domestic ethanol production, the country has become the second largest producer and the largest exporter of ethanol in the world. In 2006 it produced 16.3 billion litres which represents 33.3% of the world's total ethanol production and 42% of the world's ethanol used as fuel. With regards to crude oil output, Brazils oil production currently is 2.238 million barrels per day and consumption is 2.1 million barrels per day. Its domestic demand for energy is expected to increase substantially with the increase in consumption by the transportation and electricity sectors.
Scope
Report viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and views of various developments that have been taking place in the oil and gas industry across the world.
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Table of Contents :
Viewpoint 5
2.1 Summary 5
3 Recent Offshore Oil Discoveries and the Prospects for Brazils Energy Sector 6
3.1 The Current Milieu 6
3.2 Changes in Domestic Energy Industry 6
3.3 Oil and gas Discovery 7
3.4 Oil field Discoveries: Analysis 8
3.5 Conclusion 9
4 Recent developments 10
4.1 May 09, 2008: Brazil Says It Wants To Join OPEC 10
4.2 May 09, 2008: Petrobras' Gasene Pipeline To Be Completed By Early 2010 10
4.3 May 08, 2008: Shell To Begin Production At Brazil BC-10 Oil Block In 2009 10
4.4 May 05, 2008: Petrobras To Begin Pumping Crude From Tupi Field In 2009 11
4.5 Apr 29, 2008: Petrobras Discovers Oil And Natural Gas Reserves In Southern Brazil 12
4.6 Apr 22, 2008: Brazil To Invest $72 Billion In Oil And Gas Exploration Projects 12
4.7 Apr 18, 2008: Oil Finds Prompt Brazil To Change Rules In The Sector 13
