Brazil Emerging As Oil Producer

While many Latin American countries have seen their oil production dip, Brazils state-controlled Petrobras — the biggest company in Brazil — is working to access the billions of barrels of crude oil that rest beneath the countrys waters over the next few years.
The companys 48,986-ton P-51 oil platform rests over a hundred miles off the coast of Brazil and is the first semisubmersible platform built entirely in Brazil. It may produce up to 180,000 barrels of oil a day.

Worldfocus correspondent Edie Magnus and producers Bryan Myers and Meghan Thompson report from Angra dos Reis, south of Rio de Janeiro, on Brazils unfolding role as oil giant.

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