Brazil: oil & gas production value 2019-2021

Published by Statista Research Department, Dec 20, 2023
In 2020, the production value of the oil and gas industry in Brazil is forecast to decrease by 17 percent in comparison to the previous year, the result of a drop in crude oil production value. In the natural gas segment, the value of production is expected to increase in both 2020 and 2021.
For 2021, the oil and gas sector's production value is expected to increase again, when compared to 2020, but should still remain nearly 13 percent below the value reported in 2019. These results are mainly associated with the expected behavior of international oil prices and policies.

Oil and natural gas production value in Brazil from 2019 to 2021 (in billion Brazilian reals)

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Release date

August 2020

Region

Brazil

Survey time period

2019

Special properties

In constant December 2019 prices

Supplementary notes

* Forecasts as of August 2020.

Figures were calculated by the Inter-American Development Bank, based on data from OPEC, IMF and Brazil's Central Bank "Focus Report".
Figures have been rounded.

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