Brazil will lead Latin America to become a global investment hotspot in the oil and gas sector in 2022

Brazil's "Economic Value" reported on January 13 that energy sector research firm Rystad Energy predicts that global investment in oil and gas is expected to reach $628 billion this year, an increase of 4% over last year, and the industry is expected to gradually get rid of the impact of
the new crown epidemic and the Omicron variant.
Driven by Brazil and Guyana, Latin America will account for 24% of all newly approved deepwater production projects worldwide this year, becoming a hot spot
for investment in the oil and gas sector.

Petrobras, Brazil's main operator, has pledged to increase investment starting this year, with an investment budget of $11 billion in 2022, compared to $10 billion
the previous year.
Petrobras' investment accounted for about 1.
75%
of the industry's global budget that year.
Petrobras' investment in 2022 will focus on the exploration and production component, where resource input will account for 80%.

In this year's main project plan, the Guanabara oil platform will be operational in the first quarter, the first important part of
the Santos Basin under salt oil field.
In 2023-2026, Petrobras expects to build 14 oil platforms
.

The research firm predicts that the widespread spread of the Omikron variant will inevitably lead to a recovery
that inhibits traffic travel in the first quarter of 2022, limiting energy demand and key oil-consuming sectors such as road transport and aviation.
Despite the ongoing impact of COVID-19, however, the global oil and gas market remains promising
.

In addition, the research firm noted that traditional oil companies are increasing their investment
in clean energy as the energy transition advances.
According to the company, the offshore wind industry absorbed nearly $50 billion last year, double
that of 2019.
Offshore wind investment is expected to increase to $70 billion
per year by 2025.