Brazil: Future of an upstream oil titan
While much of the world is focused on renewable energy, Brazil is doubling down on oil and gas, confident that it can extract much more and potentially become one of the world’s top five producing nations in the near future. Successful bid rounds over the past few years have brought about a boom in new investments and drawn interest from a plethora of international oil companies eager for a share of the country’s pre-salt riches. But despite the best-laid plans, the next major hydrocarbon discovery has yet to be made.
Join Upstream for our upcoming digital forum on Brazil, which will feature a panel of experts discussing the next batch of development projects, the latest plans for exploration drilling in the pre-salt — and potentially the environmentally sensitive northern equatorial margin — and the challenges and opportunities ahead as the country prepares to auction off new deep-water acreage in prolific plays.