The exploration of Brazil’s pre-salt layer, which encompasses vast reserves of oil and natural gas located in deep waters in the Atlantic Ocean, represents one of the greatest economic opportunities of our time. Since its discovery in 2007, the pre-salt layer has attracted global attention, making Brazil one of the main focuses of foreign investment in the energy sector. As new bidding rounds are announced and exploration policies become more favorable, the doors for foreign investors are opening significantly.
An expanding market
In 2023, Brazil established itself as one of the world’s leading oil producers, largely thanks to the exploited potential of the pre-salt layer. According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the pre-salt layer accounts for approximately 70% of the country’s total oil production, which is equivalent to an average of 3.27 million barrels per day. This robust growth has been driven by technological advances, especially in deepwater drilling and extraction, making operations more efficient and profitable.
Opportunities for Foreign Investors in the Brazilian Pre-Salt
For foreign investors, Brazil offers a highly attractive environment. In recent years, the Brazilian government has adopted a series of measures to increase international participation in the oil and gas exploration and production sector. Among these measures, the most notable are the bidding rounds for exploration blocks, where foreign companies can compete for exploration concessions. The 17th Bidding Round, held in 2023, was a clear example of the opening of the market, attracting major international players such as Shell, ExxonMobil and TotalEnergies.
Furthermore, the production sharing regime ensures that the Brazilian government is an active partner in the profits from exploration, while creating an equitable division of risks and benefits for investors. For foreign companies, this means legal certainty and a more predictable business environment.
Economic potential of Brazilian pre-salt
Pre-salt exploration projects are not only highly profitable, but also have the potential for long-term return on investment. It is estimated that pre-salt oil and gas reserves could last up to 50 years, ensuring a continuous flow of production. According to the ANP, the oil and gas sector in Brazil is expected to attract more than US$$ 50 billion in investments by 2027, with a significant portion of this amount earmarked for pre-salt exploration.
Another relevant factor for foreign investors is Brazil’s growing role as an oil exporter. Currently, more than 60% of pre-salt production is destined for the foreign market, with China and the United States being the main buyers. Global demand for Brazilian oil remains strong, ensuring stability and market opportunities in the long term.
Technology and innovation: Pillars of pre-salt exploration
One of the great advantages of pre-salt oil is the technological development required to access its vast reserves. Deep-water extraction requires cutting-edge technology and investment in research and development. Foreign companies participating in these projects have the opportunity to collaborate with renowned research centers, such as the Petrobras Research Center (CENPES), strengthening the innovation ecosystem and expanding their technological expertise.
The exploration of Brazil’s pre-salt layer offers a scenario of robust and continuous opportunities for foreign investors. With favorable policies, advanced technology and significant return potential, Brazil is consolidating itself as a strategic destination for investment in the energy sector.
For investors looking to diversify their portfolios and secure a presence in one of the most promising markets in the world, the Brazilian pre-salt is a solid bet for the future. Bring Consulting can help you and your company.
