Oil and gas

São Paulo is Brazil’s leader in the energy sector. The recent pre-salt discoveries in the Santos Basin and investment foreseen in the area will tend to increase this sector’s economic significance. Pre-salt refers to reserves located at depths that can extend below 7,000 meters, in a geological layer below a salt deposit (“pre-salt”) and is characterized by large reserves of good quality oil. It is estimated that the pre-salt reserves could be five times larger than currently proven national reserves.

The five refineries of the state of São Paulo currently represent 44% of the country’s total capacity, besides accounting for significant production of derivatives such as gasoline, LPG, diesel oil and kerosene. This performance is closely related to the regional market of fuels derived from oil, in which São Paulo is of great importance, with almost 27% of the national market. The state also stands out in relation to natural gas consumption, with 26% of the national total in 2011.

In this context, with its teaching and research institutions and as the base for half of the oil-industry related equipment manufacturers and service provision facilities, São Paulo is expected to build on its role as a technological point of reference in the sector in the coming years.

In 2010, the state government launched the São Paulo Program for Oil and Natural Gas, which sought to enable investment in infrastructure and sanitation in the areas influenced by pre-salt oil, in addition to promoting incentives for research, development and technological innovation.

More info: 
Department of Energy (link in Portuguese)