When asked where the hotspots for 2020 exploration might be, Brown said, “Brazil is the obvious answer”, noting that an increasingly diverse operator mix – including Equinor and Shell among those joining Petrobras in exploring the deepwater pre-salt – will be key to success in the region.
“Brazil is on the verge of a revival in exploration activity in 2020, thanks in particular to the high interest shown by major oil and gas companies in the pre-salt province beneath the deep waters of the Santos and Campos basins,” said Patel, who also counts the South American country among 2020 hotspots. “International players have picked up acreages in Brazil’s offshore licensing rounds during last two years by paying huge signature bonuses – totaling in billions. It can be inferred that big players seem to be quite optimistic on the prospectivity in the region. The commitments from the recent licensing rounds are expected to trigger a surge in exploration drilling in the region with numerous high impact wells already on cards.”
Brazil Energy Insight 
Leave a comment