The high success rate of drilling and appraisal activity offshore Africa s southwestern coast is spurring Big Oil to boost acreage in the area and seek other exploration frontiers.
Back in 2019, Brazil produced over 1 billion barrels of crude oil. It was the first time the national total had broken the billion-barrel mark, and more than half of that was pumped from the presalt zone offshore Brazil.
Five years later, supermajors .