Investor Presentaiton
30
YEARBOOK OF THE OIL AND NATURAL GAS INDUSTRY IN ESPÍRITO SANTO 2022
CHAPTER 2 EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS IN ESPÍRITO SANTO
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37
The indicator that evaluates the
useful life of the reserves that
will sustain production over time 5
demonstrated that, currently, Es-
pírito Santo has a useful life of
offshore oil reserves of 18 years,
below the Brazilian indicator that
registered 23 years. In relation to
natural gas, the indicator showed
that the capixaba reserves have
a useful life of 18 years, higher
than the national indicator, which
recorded 11 years
Chart 11 - Offshore oil reserves in Espírito Santo (in millions of barrels)
3,000
2,750
1.36
2,500
2,250
2,000
1,750
billion
barrels of oil is the offshore
1,500
1,250
1,000
750
500
250
reserve of the input in
0
Espírito Santo in 2021
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Source: ANP | Elaboration: Industry Observatory/Findes
35.9
billion
Chart 12- Offshore natural gas reserves in Espírito Santo (million m³)
110,000
100,000
90,000
80,000
70,000
60,000
m³ of natural gas is the
50,000
offshore reserve of the
40,000
30,000
input in Espírito Santo
20,000
10,000
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Source: ANP | Elaboration: Industry Observatory/Findes
2.4.2. Onshore reserves in Espírito Santo
Regarding onshore environment,
in 2021, oil reserves in Espírito
Santo registered a decrease of
8.5%, compared to the previous
year, reaching 49.3 million barrels
of oil (chart 13). With this drop, the
state lost a position among the
states with the highest volumes
of onshore oil reserves, ranking
fifth, behind Amazonas (52.4 mil-
lion barrels), Rio Grande do Norte
(184.5 million barrels), Sergipe
(201.4 million barrels) and Bahia
(206.0 million barrels).
Onshore natural gas reserves in
Espírito Santo fell 10.9% in 2021
compared to the previous year
and reached a reserve of 342.2
million m3, raising the eighth po-
sition among the largest states
with the resource in an onshore
environment. Among the states
with the largest onshore natural
gas reserves are: Amazonas (47.3
billion m³), Maranhão (35.4 bil-
lion m³), Bahia (9.9 billion m³), Rio
Grande do Norte (2.6 billion m³),
Alagoas (2.3 billion m³), Sergipe
(416.4 million m³), Paraná (400.0
million m³) and Espírito Santo
(342.2 million m³).
The indicator that evaluates the
useful life of the reserves that
will sustain production over time
demonstrated that, currently, Es-
pírito Santo has a useful life of
onshore oil reserves of 17 years,
below the Brazilian indicator
that registered 22 years. In ad-
dition, the indicator for natural
gas showed that the capixaba
reserves have a useful life of 13
years, higher than the national in-
dicator, which recorded 12 years.
Chart 13-Onshore oil reserves in Espírito Santo (in millions of barrels)
300
275
250
225
200
175
150
125
100
75
50
25
0
49.3
million
barrels of oil is the onshore
reserve of the input in
Espírito Santo in 2021
342.2
million
m³ of natural gas is the
onshore reserve of the
input in Espírito Santo
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Source: ANP | Elaboration: Industry Observatory/Findes
5. The indicator is calculated through the relationship between the reserve 6. The indicator is calculated through the relationship between the reserve
and the production of oil and natural gas. The higher the indicator, the grea-
ter the time available for the production of inputs.
and the production of oil and natural gas. The higher the indicator, the grea-
ter the time available for the production of inputs.View entire presentation