Large deposits of oil and gas await development and discovery above the Arctic Circle. The harsh environment and remoteness of the region will challenge both the technology and economics to exploit these resources.
Brazil is emerging as a top player out of the biggest hydrocarbon producing countries of 2018 following confirmation that the pre-salt Campos & Santos basins may contain as much
as 100 Bb of recoverable oil.
There is no doubt: oil and gas will remain the preferred energy source for years to come, according to Exxon Mobil’s comprehensive review of energy demands in the next 30 years.