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Investor Presentaiton

14 YEARBOOK OF THE OIL AND NATURAL GAS INDUSTRY IN ESPÍRITO SANTO 2022 CHAPTER 1 | INTERNATIONAL PANORAMA Chart 1 - Countries with the highest primary energy consumption (in exajoules) - 2021 157.6 93.0 ■........ 35.4 31.3 17.7 13.9 12.6 12.6 12.6 12.2 China United India Rússia Japan States Canada Germany South Korea Brazil Iran Source: BP Statistical Review of World Energy | Elaboration: Industry Observatory/Findes. 15 of total natural gas consumption dia accounted for 40.9% of total oil worldwide. consumption worldwide. It is note- worthy that despite the growth of renewable sources, in 2021, fossil fuels still represented 82.3% of the world's energy sources. Finally, oil held a 38.8% share of the global energy matrix in 2001 and, in 2021, reduced to 31.0%. The United States, China and In- Chart 2 - Share of fuels in the global energy matrix (in % and in exajoules) 0.7% 2.3% 7.0% 6.7% 6.7% 6.7% 4.9% 6.8% 4.3% 25.0% 30.4% 26.9% Renewable energy Hydroelectricity 21.8% 22.4% 24.4% Nuclear Energy Coal Natural Gas Oil Division of oil production in the world: Middle East 31.3% North 26.6%% America CEI 15.4% Asia: 8.2% Africa: 8.1% South and Central America: 6.6% Europe: 4.0% 24.4% of the total primary energy consumed in the world in 2021 came from natural gas Over the past 20 years, the world's primary energy consumption has grown by an average of 1.3% per year. The highlight for the period was the increased participation of renew- able energy sources in the energy matrix. In 2001, renewable sources represented 0.7% and in 2021 they rose to 6.7% of the total energy con- sumed in the world (chart 2). The growth in the consumption of these sources was present in regions with a greater share of total primary en- ergy consumption, especially China and the United States. In turn, fossil fuels have grown more discreetly. In 2001, coal represented 25.0% of the total primary energy consumed in the world and in 2021 it rose to 26.9%. China, India and the United States concentrated 73.0% of total coal consumption worldwide. China and the United States have reduced the share of coal in total en- ergy consumption in each country, while India has increased the share of coal in total primary energy con- sumption. It is well known that coal is one of the most polluting energy sources and yet its consumption in the last 20 years has not yet been contained. Natural gas, which represented 21.8% of the total primary energy consumed in the world in 2001, rose to 24.4% in 2021. The consumption of natural gas represents an alterna- tive in the transition to energy pro- duction with less polluting sources. As renewable sources are not yet available on a large scale, the use of natural gas becomes strategic due to production infrastructure, flow, treatment and regasification. In addition, the input is less pollut- ing than oil and coal, contributing to the decarbonization of the ener- gy sector. The United States, Rus- sia and China accounted for 41.6% 38.8% 33.4% 31.0% 2001 2011 2021 Source: BP Statistical Review of World Energy | Elaboration: Industry Observatory/Findes. 1.2. Global production and 3.0 million barrels of oil per day were produced in Brazil in 2021, consumption of oil and natural gas which puts the country in World oil production in 2021 was 89.9 million barrels per day¹, 1.6% higher than in 2020 (chart 3), repre- senting an increase of 1.4 million bar- rels per day in production in absolute numbers. Despite the increase, oil production in the world has not yet recovered to the level produced in 2015 and is far from the record pro- duction in 2018, when 94.9 million barrels per day were produced. 1. In this session it was adopted as a "barrels of oil per day" metric. In 2021, the division of oil produc- tion among regions in the world was: Middle East (31.3%), North America (26.6%), Common- wealth of Independent States² (15.4%), Asia (8.2%), Africa (8.1%), South and Central Ameri- ca (6.6%) and Europe (4.0%). The main producing countries were the United States, Saudi Arabia and Russia, which together ac- 2. Member countries: Armenia, Azerbaijan, Be- larus, Kazakhstan, Moldova, Kyrgyzstan, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan. 9th position in the global ranking 24.3 billion m³ of natural gas were produced in Brazil in 2021, which puts the country in the 30th position of the global ranking
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