Complexities Presented by the Pre-salt Layer Boost the Use of Chemicals in Oil Exploration in Brazil, Finds Frost & Sullivan

Complexities Presented by the Pre-salt Layer Boost the Use of Chemicals in Oil Exploration in Brazil, Finds Frost & Sullivan PR Newswire SAO PAULO, Nov. 14, 2012 - High-performing chemicals vital for offshore oil exploration and production SAO PAULO, Nov. 14, 2012 /PRNewswire/ -- Pre-salt represents a new technological frontier in the exploration and production of oil and gas. Oil exploration at this layer throws up numerous challenges such as high temperature and pressure, large amounts of carbon dioxide in the fluid, and risk of environmental damage. Chemicals that can aid exploration in these extreme conditions will find considerable uptake among oil and gas companies. The most popular type of chemicals will be corrosion inhibitors, antifoams, and those that offer thermal resistance, low toxicity, and a better environmental profile. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Impacts of Oil and Gas Industry Growth in the Brazilian Chemicals Market, finds that the market earned revenues of $82.2 million in 2011 due to the increasing number of drilled wells, proved reserves and oil and gas production in the country. Brazil is expected to be the eighth largest oil and gas producer in the world by 2020 and the fastest growing oil producer outside of the Organization of the Petroleum Exporting Countries (OPEC) till 2030.