Petrobras (PBR no the BYSE) announced today that the drilling of another well in the Tupi area reinforced the estimates of 5 to 8 billion barrels of recoverable light oil and natural gas in the pre-salt reservoirs of that area. The well is still being drilled in search of deeper objectives.
Located 33 km northeast of the pioneering I-RJS-628 drilling, the new well confirmed the presence of good quality reservoirs and of oil similar to that found in the Tupi pioneering well. Informally known as Iracema, this third well is located in the Tupi Assessment Plan area, in waters where the depth is 2,210 meters from the water line, some 250 km off the coast of Rio de Janeiro.
The discovery was proved via light oil (approximately 30ยบ API) samplings from reservoirs located at a depth of 5,000 meters. After completing the drilling, the Consortium, formed by Petrobras (65% - Operator), BG Group (25%) and Galp (10%), to explore block BM-S-11, where Tupi is located, will carry on with the activities and investments called for in the Assessment Plan which foresees the drilling of other wells in the area.
Friday, June 5, 2009
Petrobras (PBR): New Well Confirms Giant Light Oil Field
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(843)
-
▼
June
(61)
- Zenn Electric Car, Supercapacitors in Action (Videos)
- World's Largest IPO This Year: Bradesco and BB to ...
- S&P500 Top 10 Companies to Short for June30
- Federal Express July and August Straddles
- Interest Rates Will Reverse: Stunning Treasury Yie...
- Wheat Prices to Soar: Ug99 Fungus Spreading All Ov...
- Declining Tax Revenues Cause California to Lose Cr...
- S&P500 Most Overbought and Most Oversold Report, J...
- Russian Banks in Very Bad Shape: Government to Bai...
- Natural Gas Report: Overflow in 10.0 to 12.2 Weeks
- Update on Natural Gas, Short of the Month: 10 Week...
- ECB Lends 442B (USD $612B) at 1%, Fed to Follow? S...
- S&P500: 8 Overbought and 182 Oversold Companies
- Total Value of World's Gold Reserves: $1.2T, Itemi...
- Winning Oil, Natural Gas and Gold Straddles for t...
- U.S.to Intercept North Korean Nuclear Ship: Winnin...
- Top Oversold and Overbought Companies in the S&P50...
- Natural Gas Report June 18: Overflow in 9.1 to 10....
- Credit-Card Debt Reaches $1T, Now You Do Not Need ...
- S&P500: 8 Overbought and 89 Oversold by RSI7, but ...
- Canada's Inflation Dips to Near Zero
- S&P500 Most Overbought and Most Oversold Report, J...
- S&P500 Top Overbought and Oversold Companies Repor...
- Brazil's Bovespa and Hong Kong Exchanges Now Bigge...
- Top 20 Stocks to Short in the S&P500, Update June 15
- Markets Rally and Decline With Low Volumes - Updat...
- Capital One and American Express Straddles for July
- SPY, IWM Straddles: ROI of +11% in 1 Day
- S&P500 Top Oversold and Overbought Companies, June 15
- SPY and IWM Straddles For Next Week Require 3% Mov...
- The USO Rollover Trade is Dead
- Audit The Fed Bill Has Enough Sponsors, Fort Knox ...
- Novartis Sucessful 1st Batch of H1N1 Flu Vaccine
- Petrobras Opens First Electric Vehicle Recharging ...
- 30-year Treasury Notes Results: Yields Jump to 4.72%
- Cristiano Ronaldo Sold for US$132M, Worth More tha...
- Natural Gas Inventories Report: Storage Overflow i...
- WHO Declares Flu/H1N1 Pandemic, Will Affect Market...
- 65 Most Overbought Companies in the S&P500
- An Inflation/Deflation Indicator
- Treasury 10-year Note Auctions Yield Chart for 200...
- UCO Straddles for June, ROI of +257%
- Cheapest and Most Expensive ETFs in Canada (by MER)
- List of Currency ETFs; Biggest Gainers: Brazilian ...
- TARP Repayments: $68B Repayment, But $3T to go.
- USO Rollover Started Yesterday: Historical Effects
- USO vs UGA: The Trade is Complete
- Cash is Piling Up at Nortel: $781M vs $599M in Jan...
- Highest and Lowest P/Es in the S&P500: Beware the ...
- Next FAS-FAZ Eclipse: $6.79, Another 18% Drop from...
- Petrobras (PBR): New Well Confirms Giant Light Oil...
- Natural Gas Will Overflow in 10 Weeks: Top of the ...
- Top 20 Companies to Short in the S&P500
- Brazilian Central Bank President: Brazilian Indica...
- Most Overvalued S&P500, The Bigger the RSI, the Bi...
- GM Sends Ultimatums to All Dealers: Follow our New...
- Seasonality Trading: Impressive Record, Large Gains
- Top 100 Most Overbought S&P500 Companies, 205 Comp...
- Paul Van Eeden on BNN: Gold is $150 Too High
- Most Overbought Companies in the S&P500, Plus SPY,...
- UCO June Straddles Update, and New Straddles
-
▼
June
(61)
No comments:
Post a Comment