Rig Expat

---

Located off the southeast coast of Brazil, the Campos and Santos Basins have emerged as prolific petroleum systems that have transformed the South American nation into a major global oil producer. Together the offshore basins account for over 80% of Brazil's total oil production and reserves, spearheading growth in the country's energy sector. The Campos Basin, discovered in the 1970s, was Brazil's first major offshore success. Lease sales and exploration offshore attracted foreign oil companies to operate alongside national oil company Petrobras. Several giant oil fields were uncovered in the 1980s and 1990s, establishing the Campos Basin as a core producing area. Further south, the Santos …