Latin America and the Caribbean may not be the solution to Europe's energy crisis, but it will add significant new production volumes next year and beyond. The region's two exploration hotspots, Brazil and Guyana, will anchor production growth in 2023 and could add 3.6 MMbbl/d between 2023 and 2027, according to data compiled by Hart Energy. This growth will come from the installation of six new FPSO units next year and 15 during the next four years. New production from two emerging countries, among others, will provide some assistance to a global energy market still rattling from the loss of Russian supply, sanctioned after its invasion of Ukraine in early 2022.
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