Recent Study: Brazil Oil & Gas Report Q3 2014
BMI View: Brazil's massive pre-salt fields, such as Lula, Iracema and Buzios , suggest substantial growth potential over the long term, underpinning our view that crude, natural gas and other liquids output will rise from an estimated 2. 1 mn b/d in 2013 to 3 . 6 mn barrels per day (b/d) by 202 3 . That said, this is a modest downward revision from previous quarters, reflecting our view that the above-ground environment remains a considerable obstacle to both...
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