By Brazil Stock Guide – Petrobras (PETR4.SA) said that successful exploration in Brazil’s Equatorial Margin could inject BRL 419 billion into the country’s gross domestic product and create 2.1 million direct jobs, according to Daniele Lomba, the company’s general manager for Environmental Licensing and Sustainability.
Lomba shared the projection during a lecture at Fundação Getulio Vargas (FGV) on Tuesday (28), focusing on energy poverty and the strategic role of the new oil frontier. She emphasized that the region, which extends from Rio Grande do Norte to Amapá, covers an area larger than the combined oil basins of Campos, Santos, and Espírito Santo, which have underpinned Petrobras’s output since the 1950s.
“It’s important to recognize this potential that will be essential for our self-sufficiency,” Lomba said. She argued that expanding energy supply, rather than reducing oil production, is key to ensuring global energy security. “New frontiers are essential to guarantee energy security and help end energy poverty,” she added.
Aligned with Petrobras President Magda Chambriard, Lomba reaffirmed the company’s stance that oil will remain vital to meeting global energy demand. She noted that no major producer has halted production for environmental reasons, underscoring the strategic role of exploration in the Equatorial Margin.
A Petrobras study modeled the potential impact of production at levels similar to neighboring Guyana, where output reaches roughly 700,000 barrels per day. The simulation showed that such production could generate BRL 25 billion in additional tax revenues and BRL 20 billion in royalties and special participations, driving economic growth across northern states.
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