Brazil is expected to contribute about 48% or 1,350 thousand barrels per day (mbd) of Americas crude and condensate production in 2025 from planned and announced projects (new build projects, excluding the US L48), according to GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Americas Upstream Development Outlook, 2021–2025’, reveals that 1,164 mbd of crude and condensate production in Brazil in 2025 is expected from planned projects with identified development plans, while 364 mbd is expected from early-stage announced projects that are undergoing conceptual studies, and are expected to get approval for development.
In Brazil, Bacalhau, Itapu (Florim), and Buzios V (Franco) are some …
Brazil to lead crude and condensate production from upcoming projects in Americas in 2025
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