New Market Report: FPSOs will Play a Key Role in Pre-salt Oil and Gas Projects in Brazil
Offshore projects contribute over 90% to Brazil's oil and gas production of about 860 million barrels of oil equivalent (MMboe), owing to the rapid development of deep water and ultra deep water oil and gas projects in the country. The country's major offshore development started in 2007 with the discovery of the Tupi oil field, which is expected to hold 5-8 billion barrels of resources. Subsequently, the country's pre-salt development activities have now extended to neighboring areas such as the...
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