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Recent ultra-deep water offshore discoveries are reconfirming Brazil as the largest and most significant new oil gas prospect of the last few decades. Brazil produces around 2.8 million barrels of oil equivalent per day, including biofuels, ranking 9th among oil producing countries today.
The greatest impact is expected to occur in the oil and gas service sector, which accounts for 10% of Brazil’s economy now and is predicted to grow to 25% by 2020. This provides a unique opportunity for Brazil to become a leader in the high-tech deep-water industry and for international suppliers and investors to participate in a share of the prize.
Download the full article to read about Brazilian opportunities