Brazil is on its way toward becoming the biggest supplier of offshore oil globally, contributing some 1.3 million bpd in 2025, World Oil reports, citing a new report by GlobalData. This means Brazil’s share of the global offshore oil output will come in at 23 percent. The United States will be a distant second, with 655,000 bpd in offshore oil production in 2025, or 11 percent of the global total. “While Saudi Arabia dominates liquids production globally, mostly from already producing projects, Brazil leads crude and condensate production…
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