Espirito Santo Oil & Natural Gas Yearbook 2021
30
30
ESPÍRITO SANTO OIL & NATURAL GAS YEARBOOK | 2021
CHAPTER 2| EXPLORATION AND PRODUCTION OF OIL IN ESPÍRITO SANTO
The increase in oil and natural gas
reserves onshore in Espírito Santo
signals the recovery of this activity
in Espírito Santo. This movement is
mainly explained by the regulatory
incentives promoted by the ANP,
which stimulated the opening of
the sector by promoting competi-
tion and attracting small and me-
dium-sized companies to onshore
production.
Chart 13-Onshore oil reserves (in millions of barrels)
300
250
200
88
150-
100-
50-
ul............
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source: ANP | Prepared by: Ideies/Findes
2.3
million
Between 2011 and 2018, the state
remained the second largest pro-
ducer of the input, losing in 2019 to
the state of São Paulo.
Concerning natural gas, in 2020
Brazilian production was 46.6 mil-
lion m3, 4.3% lower than what had
been recorded in 2019. In Espírito
m³ of natural gas were
produced in Espírito Santo
in 2020, which places the
state in the 4th position in
the national ranking
Santo, 2.3 million m³ were pro-
duced, 13.8% lower than in the pre-
vious year (chart 16). The state re-
mained the fourth largest producer
of natural gas among all States,
behind Amazonas (5.0 million m³),
São Paulo (6.2 million m³), and Rio
de Janeiro (29.6 million m³). m³).
Chart 15 - Total oil production (thousands of barrels)
The increase in oil and
natural gas reserves
onshore Espírito Santo
signals the recovery of
this activity in Espírito
Santo. This movement
is mainly explained by
the regulatory incen-
tives promoted by the
ANP, which stimulated
the opening of the
sector by promoting
competition and at-
tracting small and me-
dium-sized companies
to onshore production.
Chart 14 Total Onshore Natural Gas Reserves (millions of m³)
3,500
3,000
2,500-
2,000
1,500
1,000
500
lulu
150,000
125,000
100,000
75,000
50,000
25,000
T
T
T
T
T
T
T
T
T
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Onshore
Offshore
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source: ANP | Prepared by: Ideies/Findes
Source: ANP | Prepared by: Ideies/Findes
90.4
million
barrels of oil were pro-
duced in Espírito Santo
in 2020, which places the
state in the 3rd position
in the national ranking
2.5. Total oil and
natural gas production
Brazilian oil production reached
1.1 billion barrels in 2020, 5.7%
higher than in 2019. Espírito Santo
produced, in 2020, a total of 90.4
million barrels of oil, 13.9% lower
than what had been recorded in
the previous year (Chart 15). The
State remained in the third posi-
tion with the highest oil production
among all States, only behind São
Paulo (98.2 million barrels) and Rio
de Janeiro (853.8 million barrels).
Chart 16 Total Natural Gas Production (millions of m³)
5,000-
4,500
4,000-
3,500-
3,000-
2,500-
2,000-
1,500-
1,000
500-
T
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Onshore
Offshore
Source: ANP | Prepared by: Ideies/Findes
7
31View entire presentation