Offshore Brazil: analysis of a successful strategy for reserve and production growth

摘要

Major oil companies cannot continue to tolerate the high cost of exploration failure in a world of low future oil prices. There is a trend in the industry to a rationalization of worldwide exploration and production portfolios. Companies are looking to reduce their cost of finding by lessening the risk of failure at all levels of the exploration process, and stimulating resource replacement and growth through the efficient exploration of basins and plays.