Understand
The equatorial margin has gained notoriety in recent years. Recent oil and gas discoveries on the coast of Colombia, Guyana, French Guiana and Suriname showed the region’s oil potential, located near the Ecuador line.
In Brazil, it extends from Rio Grande do Norte and goes to Amapá. Petrobras has 16 wells on the new exploratory border. However, there is only authorization from Ibama, an organ linked to, to drill 2 of them, on the coast of Rio Grande do Norte.
Ibama (Brazilian Institute of Environment and Renewable Natural Resources) denied license for areas such as the Foz do Amazonas Basin, identified as FZA-M-59. The block is 175 km from the coast at a depth of 2,880 km. Despite the name Foz do Amazonas, the place is 540 km from the mouth of the river itself.
Petrobras states that oil production from the equatorial margin is a strategic decision so that the country does not have to import oil in the next 10 years.
A study by (energy research company) estimates that the full potential volume of the Amazonas Foz Basin can reach 10 billion barrels of equivalent oil. For comparison, data from ANP (National Agency of Petroleum, Natural Gas and Biofuels) show that Brazil has 66 billion barrels among probable, likely and possible reserves.
