On March 24, 2026, Equinor initiated drilling activities for the Raia offshore gas project in the Campos Basin. The development, estimated at around US$9 billion, is expected to begin production in 2028, with projected output of approximately 16 million cubic meters of gas per day and 126,000 barrels per day of oil and condensate.
The project could supply close to 15% of Brazil’s domestic gas demand and marks the transition from project planning to execution phase, reinforcing Equinor’s integrated position across offshore gas and onshore renewables in Brazil.
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