Oil Firms Keep Striking Crude Off Brazil. Most Never Reach Market

Energy Key Facts —The study. Westwood examined 425 exploration wells drilled across the South Atlantic between 2007 and 2025. —The good news. The technical success rate sits significantly above the global average. —The bad news. Fewer than one in three of those discoveries reaches potentially commercial development. —The money. Half of all acreage the supermajors…