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Analysis of Brazil

Oilfield Technology,

The U.S. Energy Information Administration (EIA) estimates that in 2013, Brazil was the eighth-largest energy consumer in the world and the third-largest in the Americas (North America, Central America, the Caribbean, and South America), behind the United States and Canada. Total primary energy consumption in Brazil has increased by more than one-third in the past decade because of sustained economic growth. The largest share of Brazil's total energy consumption is oil and other liquid fuels, followed by hydroelectricity and natural gas.

Preliminary statistics show Brazil was the 10th largest energy producer in the world in 2013. In addition, Brazil has increased its total energy production, particularly oil and ethanol. According to the Empresa de Pesquisa Energética (EPE), ethanol production represented 19% of Brazil's total energy production compared to 15% a decade ago. Oil remained at an average of 41% of total energy production as total energy production increased 36% in the past decade. Increasing domestic oil production has been a long-term goal of the Brazilian government, and recent discoveries of large offshore, pre-salt oil deposits could transform Brazil into one of the largest oil producers in the world.

Adapted from press release

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