Energy Industry
Industry: Email Alert RSS FeedVENEZUELA - New Oil Bonanza In Brazil.
APS Review Gas Market Trends, November, 2007
Petrobras on Nov. 8 said it estimated the recoverable reserves of oil and gas at its ultra-deep Santos Basin Tupi field at between 5-8 bn of oil equivalent (BOE). Petrobras' shares in Sao Paulo jumped 6.12% to BRL74.55 at 1333 GMT on Nov. 8. In a press release, Petrobras said: "If recoverable oil and gas volumes for the pre-salt reservoirs are confirmed, they will significantly raise the quantity of existing oil in Brazilian basins, putting Brazil on par with countries with great oil reserves in the world".
If Petrobras' estimate was to translate into proven reserves, it would boost the company's Brazilian reserve by 47-76%. The company's Brazilian oil and gas reserves stood at 10.573 bn BOE on Dec. 31, 2006, according to the criteria of the US Securities and...
Most RecentEnergy Articles
Brought to you by CBS MoneyWatch.com
- 10 Best Places to Retire
- Companies with the Best 401(k) Plans
- Most Important Document for Your Heirs? It's Not Your Will
- Video: Should You Expect to Retire Rich?
- Over 50? Here's How to Get (and Keep) a Great Job
Most Recent Business Articles
- Your feedback
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- The CLNC® mentors held the key to my first case and to my CLNC® success
- Atlanta CLNC® 6-day certification seminar photo gallery—plus sign up today for spring 2009 to save $100.00
- Announcing the 2009 NACLNC® conference keynote speaker, Stedman Graham: move like a maverick for breakaway CLNC® success at the 2009 NACLNC® conference
Most Recent Business Publications
Most Popular Business Articles
- Using object-oriented analysis and design over traditional structured analysis and design
- Big Fish Games Migrates Upstream to Fisher Plaza; High Growth Online Gaming Firm Vaults Fisher Plaza Occupancy Rate Above 90%
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- BEHR Paints Introduces a Colorful New Way to Paint and Prime All in One with BEHR Premium Plus Ultra™ Interior
- Sand filter basics: high-rate sand filters can be confusing for those new to the business. Understanding valve modes is the key
