ANP estimates investments of up to U$2.3 billion in oil exploration in Brazil by 2028

(PN) According to new consolidated data, the National Petroleum Agency (ANP) is forecasting investments of around US$1.5 billion in exploratory activities this year. For the period between 2025 and 2028, the estimated amount is US$2.3 billion. Drilling is the activity that will have the greatest impact on the investments planned for 2025, with US$1.1 billion projected for the drilling of 25 exploratory wells. This represents 73.5% of the investments estimated for this year. Around 95% are concentrated in maritime basins. For the basins on the East Bank (the Pernambuco-Paraíba, Sergipe-Alagoas, Jacuípe, Camamu-Almada, Jequitinhonha, Cumuruxatiba, Mucuri, Espírito Santo, Campos, Santos and Pelotas offshore basins), the total could reach US$1.45 billion, which represents 93.6% of the total investments planned for 2025 and 98.8% of the investments planned to be made in offshore basins in the same year.

This information is the result of the update of the Dynamic Dashboard of the Forecast of Activities and Investments in the Exploration Phase of oil and natural gas exploration and production (E&P) contracts, available at this link neste link. The regulation establishes the requirements and procedures for the presentation and approval of the Exploration Work Plan (PTE), an instrument for monitoring and supervising the exploratory activities planned and carried out associated with the Exploration Phase, the first phase of oil and natural gas exploration and production contracts. All information, however, is subject to updates by companies holding E&P contracts and the estimate refers only to the Exploration Phase of E&P contracts. In other words, it does not include the second phase, Development and Production.

The dashboard is a business intelligence (BI) tool that consolidates the activity and investment forecasts presented by companies holding exploration and production (E&P) contracts in their Exploration Work Plans (PTE). Filters can be applied to obtain activities by reference year (forecast year), year of activity, stage, environments (sea or land), grouped basins (sea – Equatorial Margin, sea – East Margin, land – new frontier basins, and land – mature basins), by each of the activities and by contractual regime (production sharing or concession). The same filters can be used