In 2023, the turnover in the support activities for the oil and gas extraction sector in Brazil stood slightly above 9.5 billion Brazilian Reals. The forecast data from 2024 to 2028 shows a gradual decline, from 9.5 billion in 2024 to 9.18 billion in 2028.
Year-on-year variations reflect a steady decrease, with approximately 0.8% annual decline. The compound annual growth rate (CAGR) from 2024 to 2028 shows a consistent decrease of 0.8% per year, highlighting a gradual contraction in the sector.
Future trends to watch for:
- Global energy market shifts impacting oil demand and investments in Brazil.
- Advancements in renewable energy affecting traditional oil and gas services.
- Environmental policies influencing extraction and support activities.
