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MercoPress, en Español

Montevideo, April 19th 2024 - 00:38 UTC

Tag: National Petroleum Agency

  • Thursday, October 5th 2017 - 09:23 UTC

    The next big offshore boom is about to happen...in Brazil

    The 287 blocks auctioned are just the first portion of a number of deposits that hold an estimated 10 million barrels of crude in proven reserves.

    By Irina Slav for Oilprice.com - Say what you will about offshore oil and gas exploration, but it's still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.