BP to Explore Oil in Brazil

By Carlos Graffigna, Contributing Reporter

RIO DE JANEIRO - Continuing with what has been their main business focus over decades, oil giant BP purchased from Devon Energy their assets off the coast of Brazil, allowing them to use their renowned experience in deep water oil exploration and production.

The deal gives BP access to Brazil's Campos and Camamu-Almada basins, both of which have water depths from 100 meters to 2,780 . . .

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