Data through August for Brazil show oil production was already 3 percent above the full-year average from 2016, a country profile revealed. In a country profile, the U.S. Energy Information Administration said Brazil through August produced an average of 3.3 million barrels per day in oil and other petroleum liquids. That’s up from the full-year 2016 average of 3.2 million barrels per day. Much of the oil from the offshore Santos basin is buried underneath a thick layer of salt on the ocean floor and producers have been able to crack into that in recent years. The output from pre-salt basins has accelerated since 2009 as exploration and production technology acclimates to the region’s tough conditions. “Brazil’s pre-salt oil production […]