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Brazil to Become the World's Largest Market for Oil Exploration Technology
Brazil’s state-controlled oil and gas giant Petrobras CEO Jose Sergio Gabrielli has confidently predicted that his country will shortly become the world's largest market for deep offshore oceanic hydrocarbon exploration equipment.
Talking to journalists on the sidelines of a Brazilian-UK panel on energy generation in Rio de Janeiro Gabrielli said, "In terms of growth possibilities, in the next 10 years, most of the discoveries will come from Brazil. In the immediate future, we will see a reduction of the consumption of oil byproducts in the U.S., Europe, and Japan, and an increase in consumption in China, India, Brazil, and Africa, where
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Talking to journalists on the sidelines of a Brazilian-UK panel on energy generation in Rio de Janeiro Gabrielli said, "In terms of growth possibilities, in the next 10 years, most of the discoveries will come from Brazil. In the immediate future, we will see a reduction of the consumption of oil byproducts in the U.S., Europe, and Japan, and an increase in consumption in China, India, Brazil, and Africa, where
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