Brazil, the Brightspot Dims

Brazil has been one of the countries where oil production has been constantly rising for the past 30 years. They are one of the countries who is taking up the slack for declines elsewhere.
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The thing to notice in the above is how old most of these big fields are. Most were discovered in the 80’s and 90s. Brazil is not finding big fields now like they were. then. Indeed a recent article by Sandrea noted that the peak in discovery was in 1987. That means that the peak of Brazilian production may only be 5-6 years away. Given that this is one of the brigher spots in the oil industry, this detail information does not bode well for the world.
G. R. Morton