Exploration & Production

Brazilian output beyond Santos continues to decline

Brazilian oil and gas production outside the Santos Basin continues to decline.
By Staff reporter 16 October 2017 0 27992

Brazilian oil and gas production outside the Santos Basin continues to decline, according to data cited by the Valor Economico newspaper.

"Were [it] not for the Santos Basin, where the largest pre-salt discoveries are located, domestic production would end 2017 with its third-consecutive year of decline," wrote the newspaper in a feature published on Sunday.

"It is fundamental that the government confronts the barriers that may hinder investments in more mature basins," it added.