Posted inExploration & Production

Brazil leads global offshore crude and condensate production from upcoming projects in 2025

1.16 mmbd of crude and condensate production in Brazil in 2025 is expected from planned projects with identified development plans

Brazil alone is expected to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025, according to GlobalData, a leading data and analytics company. The company’s report, […]