Companies in Latin America drilled close to 300 wells in 2012, which marked yet another good year for exploration in the region. In terms of reserves discovered, Brazil continues to dominate, primarily due to pre-salt discoveries, although 2012 marks a departure from the discovered volumes of the past few years. Petrobras focused on drilling the most promising prospects first and is now starting to shift its efforts to development drilling. The rest of the region recorded the largest,
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Insight | Mar 2013
Latin America 2012 exploration review and 2013 preview
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