Brazil in the Spotlight

When you think of Rio de Janeiro, images of Carnival, stunning beaches, and iconic landmarks framed by mountains often come to mind. However, few realize that this famous Brazilian state ranks as the world’s tenth largest oil producer.

Offshore, two basins dominate Brazil’s oil output: Campos and Santos. These basins together account for 80% of the country's oil production, generating over 3 million barrels per day.

Oil and Gas Production Overview

Oil production is significant, led by Campos and Santos basins.
Brazil’s natural gas supply is less than 1% of global production.
The country relies on natural gas and diesel imports for part of its energy needs.

Regulatory Framework and Transparency

Brazil’s oil and gas sector is primarily managed by Petrobras, a state-owned enterprise, with increasing regulation by the National Agency for Petroleum (ANP).

Brazil’s "exceptional data transparency — with details about production practices, field locations, and market activity — provides a template that other countries could implement using actual, open inputs that can be verified."

While the recent push to expand oil and gas production has raised concerns, Brazil’s openness in sharing information sets an important example in the industry.

Photo Caption

Photo taken in Rio de Janeiro, Brazil.

Author's summary: Brazil, notably Rio de Janeiro, is a major oil producer with transparent practices led by Petrobras and ANP, balancing growing production with global energy demands and regulatory oversight.

RMI — 2025-11-05