Country report
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72 Pages

Brazil upstream summary


Brazil upstream summary

Report summary

Brazil is one of the world's pre-eminent hydrocarbon countries. The combination of world-class exploration success in its deepwater basins and the fact that it remains open to private investment attracts the attention of the world's largest E&P companies, although state oil company Petrobras remains the principal player.The pre-salt discoveries of 2006, particularly in the Santos basin, propelled the country into the limelight following several years of disappointing production. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 2.26 MB 72 Pages, 17 Tables, 18 Figures
  • Country Overview XLS - 756.00 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Coastal basins
      • Foz do Amazonas-Marajó basin
      • Pará-Maranhão basin
      • Barreirinhas basin
      • Piaui-Ceará and Potiguar basins
      • Pernambuco-Parnaiba basin
      • Sergipe-Alagoas basin
      • Recôncavo and Tucano basins
      • Bahia Norte and Bahia Sul basins
      • Espírito Santo basin
      • Campos basin
      • Santos basin
      • Pelotas basin
    • Inland basins
      • Amazonas basin
      • Solimões basin
      • São Francisco basin
      • Parnaíba basin
  • Exploration
    • Licensing
    • Access opportunities
    • Early years
    • Risk contracts
    • Petrobras' monopoly ends
      • Round Zero
    • ANP licensing rounds
      • Marginal fields rounds
    • Petrobras-offered opportunities
    • Drilling
      • Drilling activity
      • The onshore years
      • The emergence of the Campos basin
      • Pre-salt discoveries
      • Equatorial margin potential
      • Atlantic margin discoveries
      • Espírito Santo basin
      • Success rates
  • Reserves and resources
    • Oil and condensate
    • Gas
  • Production
    • Oil and other liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
      • Pipelines
      • Refineries
    • Gas infrastructure
      • Domestic pipelines
      • International pipelines and terminals
  • Policy and regulation
    • Key legislation
      • Current system
      • Pre-salt legislation
    • Regulatory body
      • The ANP
      • Pré-Sal Petróleo S.A. (PPSA)
    • State oil company
    • State participation
    • Licensing
      • Historical perspective
      • Current concession regime
      • Transfer of Rights (TOR) agreement
      • Production sharing contract (PSC) regime
    • Gas Prices
      • Historic pricing (pre-2002)
      • Price deregulation (post-2002)
      • Reference gas prices
      • Transportation tariffs
    • Liquids prices
      • Pricing
    • Domestic Market Obligation (DMO)
  • Fiscal terms
    • Overview
    • Current fiscal terms
    • Concession regime
      • Royalty
      • Landowner override
      • Research and development obligation
      • Export duty
      • Signature bonuses
      • Area rentals
      • Training fees
      • Special Participation Tax (SPT)
      • Special Participation Tax (SPT)
    • Production sharing contract (PSC) regime
      • Operator
      • Contract duration
      • Royalty
      • Cost oil
      • Profit oil
    • Indirect taxes
      • Import duties (I.I. and IPI)
      • State Value Added Tax (ICMS)
      • CIDE
      • Withholding tax on subcontractor income
      • Municipal Service Tax (ISS)
      • PIS and COFINS
      • Tax on Financial Transactions (IOF) (previously the Financial Transaction Tax, CPMF)
      • REPETRO
    • Corporate income tax
      • Tax rate
      • Taxable income
      • Investment uplift/credit
      • Loss carry forward
      • Ring fences
    • Marginal government take calculation

In this report there are 35 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2017
    • Liquids and Gas Production 2017
    • Net Acreage 2017
  • Geology
    • The sedimentary basins of Brazil
    • Geology: Image 2
    • Geology: Image 3
    • Geology: Image 4
    • Geology: Image 5
  • Exploration
    • Exploration: Table 1
    • Drilling activity by well type
    • Drilling activity and commercial success rates
    • Technical and commercial success rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Commercial liquid reserves by basin
    • Commercial gas reserves by basin
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids production by basin
    • Production: Table 3
    • Production: Table 4
    • Gas sales by basin
  • Infrastructure
    • Oil infrastructure
    • Infrastructure: Table 1
    • Gas infrastructure
  • Policy and regulation
    • Policy and regulation: Table 1
    • Policy and regulation: Table 2
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
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