Brazil Oil & Gas Report Q4 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 and flatline in early 2014. Further down the line, Petrobras' colossal pre-salt development plan will support this upward trend. Fields such a Lula, Iracema or Franco will boost crude output above 4mn barrels per day by 2020. Muted primary interest in the Brazil's first subsalt round is...
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