Petrobras: Brazil may have to import oil in 2034
Without the oil production from the equatorial margin—the area off Brazil’s northern coast whose potential has been described as akin to pre-salt layers—the country may have to import oil again within ten years.The statement was made in Rio de Janeiro on Thursday (Oct. 24) by Petrobras’ Director of Exploration and Production Sylvia Anjos, and is part of the state-owned company’s efforts to obtain a license to explore the region.“Timing is critical. In five, six years there will be a drop in pre-salt production. As a result, we could become an oil importer again in 2034, 2035, if we don’t have any discoveries,” she said at an open lecture at the Federal University of Rio de Janeiro.The equatorial margin covers an area on the coast of the states of Rio Grande do Norte to Amapá. The exp...