OTC Brazil 2025 highlights the country's high energy potential, from O&G to offshore renewables
Panels with Petrobras, BRAVA Energia, and wind energy experts highlight the growth in production, the success of independent operators, and ways to unlock the new frontier of clean energy
Rio de Janeiro, October 29, 2025 – The morning of the second day of OTC Brazil 2025, Latin America's leading offshore industry event, held on Wednesday (29) at ExpoRio, reinforced Brazil's vision as an energy powerhouse with a multi-billion-dollar future on multiple fronts. Promoted by the Brazilian Institute of Oil, Gas, and Biofuels (IBP), the event featured panels that highlighted everything from robust growth in oil and gas production to the immense potential for offshore wind energy development, presenting concrete examples of investments that are already generating results.
Praising the strength of the national core business, Sylvia dos Anjos, Director of Exploration and Production at Petrobras, detailed the growth scenario and the vast potential for oil and gas production in the country. The panel “Exploration and Development in Brazil: Opportunities, Challenges, and Perspectives of Pre-Salt Reserves” emphasized the strategic importance of Brazilian basins, including new frontiers, to ensure energy security and finance the transition, aligning with the view that Brazil's deepwater expertise is a global competitive advantage.
The debate also featured the participation of the general director and country chair of TotalEnergies E&P in Brazil, Olivier Bahabanian, and the president of Chevron in South America, Patrícia Pardal. “We currently produce around 200,000 barrels per day in nine FPSOs, in fields of great importance, and we believe that the country should keep advancing in exploration, with responsibility and intensive use of technology,” said Bahabanian. “We must invest in data and information to reduce the carbon footprint in offshore fields. I am a strong advocate. We are responsible for the country's energy security and transition," said Patrícia.
At the same time, the panel dedicated to the potential of offshore wind energy in Brazil mapped out the paths to unlock what could be the country's next major energy revolution. Experts pointed out advances in the regulatory framework as key to attracting investments. The consensus was that there is total synergy with the O&G industry, whose expertise in maritime operations, logistics, and supply chains is seen as crucial to accelerating project implementation.
“The sector has technical, human, and technological capital, and the existing infrastructure can be leveraged. Currently, 43% of offshore wind projects under licensing at IBAMA, totaling 96 GW of power, are from oil and gas companies associated with IBP,” said Carlos Victal, Sustainability Manager at IBP.
Despite this, Muched Nassif, vice president of the consultancy Rystad Energy, offered a cautious perspective on the timelines. “Due to costs and contracted demand in the medium term, we do not expect any projects to be operational before the end of this decade.” There are currently 247 GW of offshore wind projects under evaluation in the country, with Petrobras spearheading the movement. The states of Rio Grande do Sul and Ceará account for 59% of the announced capacity, benefiting from their proximity to ports that facilitate logistics and connection to the electrical system. The panel also included Juan Tomasini, Head of Hydrogen and Energy Transition at ANCAP, a Uruguayan company, who highlighted the approval of the regulatory framework and the expected auction of areas as incentives that the Brazilian market is expecting to transform potential into reality.
In this regard, BRAVA Energia presented the success story of the Atlanta Project in the Santos Basin. The company detailed how, with the entry into operation of the new FPSO Atlanta and investments in technology, it managed to optimize production and increase the field's recovery factor. The presentation was a clear example of the growing role of independent operators in revitalizing assets and maintaining the national production curve. The panel was attended by industry leaders, including BRAVA Energia's Director of Offshore Operations, Carlos Travassos, who highlighted execution metrics that exceeded industry expectations. "We closed the project 6% below budget, which is not usual. We also had a very successful schedule." Atlanta's first oil was achieved in December 2024.
OTC Brazil 2025 runs until Thursday (30) at ExpoRio, bringing together major industry experts to discuss the future of offshore technologies, connecting oil, gas, and renewable energy.
About OTC Brasil
OTC Brazil 2025 is being held at ExpoRio Cidade Nova from October 28 to 30 and has Petrobras as Master Sponsor; Shell and TotalEnergies as Diamond Sponsors; Equinor, ExxonMobil, Petronas, PRIO, and TechnipFMC as Platinum Sponsors; Gold sponsorship from Brava, Chevron, and Repsol Sinopec; Silver sponsorship from bp; and Bronze sponsorship from OceanPact, PERBRAS, Vallourec, and Tenaris. EcoPetrol Brasil is a sponsor of Club Offshore, BTG Pactual Advisors is the Official Bank of the event, and the Rio de Janeiro State Government's Secretariat of Energy and Maritime Economy is a Strategic Partner. United Airlines is the official airline of OTC Brasil, and S&P Global Commodity Insights is the Knowledge Partner. B&T XP is the Official Foreign Exchange Broker; Ambipar is the Official Emissions Offsetting Partner; and the Brazilian Society of Naval Engineering (Sobena) is the Guest Association. The event also has the following media partners: eixos, Petro&Química, Brasil Energia, Tn Petróleo, Upstream, Offshore, and Oil & Gas Journal. The event also has the Institutional Support of ABEEMAR, ABEMI, ABESPETRO, ABIMAQ, ABPIP, ABRACO, AHK Mercosul, Arpel, CESAR, EIC, Energy Workforce & Technology Council, Firjan SENAI SESI, IADC, IAPG, Rede Petro ES, SBGf, Syndarma and Abeam, and Visit Rio.
