Brazil Oil & Gas Report Q3 2013 - New Market Study Published
With several deepwater fields yet to come online in H2 2013, such as Papa Terra or Roncador 3, along with Frade's restart, we expect Brazil's crude production to rebound from its 2012 fall. In the longer term, we forecast this upward trend to confirm itself based on Petrobras' colossal subsalt development plan. Fields such a Lula, Iracema or Franco will boost crude output above 4mn barrels per day by 2020. The 11th Licensing Round proved successful despite regulatory hurdles and...
View full press release