In 2025 alone, Brazil closed the year with 433 exploration blocks under contract – the highest level on record – alongside a 90% year-on-year increase in exploratory wells initiated, signaling renewed drilling intensity and expanding reserve potential. This acceleration reflects successful concession and production-sharing rounds, including awards across the Foz do Amazonas, Santos and Pelotas basins, with planned exploration investments exceeding BRL 1.46 billion and signature bonuses approaching BRL 1 billion.

Production growth in Brazil’s prolific pre-salt continues to underpin this momentum, and major floating production units brought online through 2025 are expanding deepwater capacity. The Mero-4 development in the Santos Basin alone adds 180,000 barrels per day (bpd) of capacity, lifting total field output potential to 770,000 bpd across five FPSOs, reinforcing the project’s status as a world-class long-term producer. At the same time, Petrobras has accelerated output at the giant Búzios field, where new and optimized FPSOs are pushing production capacity toward 225,000 bpd per unit and helping lift national oil and gas production above 3 million bpd in 2025. These developments – combined with additional capacity expansions and new vessels such as the P-78 FPSO, with 180,000 bpd capability – highlight Brazil’s ability to scale deepwater production even amid global market volatility.

Beyond the mature pre-salt, Brazil’s Equatorial Margin is emerging as the country’s most closely watched frontier. New seismic acquisition campaigns covering tens of thousands of square kilometers – extending into blocks expected for 2026–2027 licensing rounds – underscore growing industry confidence in a working deepwater petroleum system analogous to discoveries in Guyana and Suriname. Environmental approvals secured in 2025 for high-impact exploratory drilling in the Foz do Amazonas basin mark another step toward unlocking this frontier, widely viewed as central to Brazil’s long-term reserve replacement and energy security strategy. International majors, including ExxonMobil and Chevron, have already moved to secure acreage in recent rounds, reinforcing expectations that the basin could mirror the transformational scale of neighboring Atlantic discoveries.

Against this backdrop, the CEW Country Focus session will provide investors, operators and regional stakeholders with a critical forum to assess Brazil’s next wave of hydrocarbon growth. With record exploration acreage, expanding deepwater production hubs, frontier basin breakthroughs and sustained capital deployment, Brazil is redefining opportunity across the Atlantic energy landscape. As global competition for high-quality barrels intensifies, understanding Brazil’s evolving upstream trajectory – and the partnership and financing avenues emerging alongside it – will be essential for stakeholders seeking exposure to one of the hemisphere’s most dynamic hydrocarbon frontiers.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.