Global Upstream Scouting | Americas | Booming Santos Production and Morpho Progress in Brazil, Oxy Prepping Peru Wildcat, Falklands Forging Ahead

Tell you what, let's do Brazil first.

Um, national oil, Tommy, hit, uh, national oil, uh, hit like a record 4.6 million barrels in August.

Um, and so I hadn't been paying much attention.

I've been paying a lot of attention to how much oil's coming out of the Vaca Muerta and how much it's increasing, you know, year on year.

But that 4.6 from Brazil is up almost 19% year on year, and gas has hit something like just shy of eight Bcf a day.

Buzios itself, over a million barrels a day in July.

There was s- you know, that, which is a field record.

There was a single day peak of 1.2, [laughs] 1.2 million barrels a day-

Yeah

... uh, uh, in late June.

You know, that's essentially...

In fact, it's almost exactly 1% of global supply [laughs] coming from one field-

Yeah

...

in Brazil.

Um, it's kind of remarkable.

H- how much of this growth is, you know, it's been an ongoing steady stream of new FPSOs coming online, um, and how much is plateau performance on existing ones? Where, where does Br- you know, how big does this thing get? Where does Brazil peak? [laughs]

I mean, that, I mean, that's, that's the, the, the question, right? I mean, it, it's, it's fascinating to see.

You know, it's...

You know, I sometimes do that offhand comment that, you know, Brazil is a little bit like, you know, if, if Brazil was...

You know, if the oil and gas industry was, like, uh, rock stars, you know, Brazil would be The Rolling Stones.

It's like, what new-

Totally

... can you say about The Rolling Stones, right? But, you know, it keeps on smashing records.

You know, Buzios is, is, is red hot and, um, and it's just really interesting to see just, you know, the, the global importance of what Brazil has become, um, in, in the past decades.