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South America’s oil producers luring multinational E&P companies

Dayse Abrantes, Contributing Editor, Latin America

Brazil, the largest nation in South America, has dazzled the world oil industry with a string of massive pre-salt light oil discoveries. Petrobras is overcoming ultradeep waters and technological hurdles to produce oil and gas below thick layers of salt and is working to become the fifth-largest integrated energy company in the world.

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