The transformation from energy importer to energy exporter will make Brazil the largest producer of crude oil in Latin America. One vast region that the Brazilian government is looking to develop is the Pre-Salt region off the Southeast coast of Brazil. According to the EIA, this Ultra-Deep water region has "recoverable oil and natural gas reserves at more than 50 billion barrels of oil equivalent (BOE).”
Petrobas is a company that operates as an integrated oil and gas company in
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