Brazil finds more oil near huge offshore field

Source: Associated Press

Posted on Thu, May. 22, 2008
Brazil finds more oil near huge offshore field
The Associated Press

RIO DE JANEIRO, Brazil --Brazil's state-run oil company has struck oil in ultra-deep waters off the Atlantic coast, near the huge Tupi field it discovered last year, the company said.

Petroleo Brasileiro SA has discovered new deposits of medium-grade crude at a depth of 22,221 feet in the Santos Basin, 155 miles off the coast of the state of Sao Paulo, the company said in a statement late Wednesday.

Petrobras did not specify how much oil had been found, and its offices were closed Thursday for a national holiday.

The discovery lies in a deep-water area near Brazil's Tupi field, which Petrobras in November said could have recoverable reserves of up to 8 billion barrels of oil. Tupi was the largest oil find in the Western Hemisphere since the Cantarell field was tapped in the Gulf of Mexico in 1976.



Read more: http://www.myrtlebeachonline.com/606/story/459583.html

poor kids.

Their spainish assents are funny. It's like theys makin funs at us or some'in.

Did u know they're neighbors with Yoogo Chavez? I would not never assochiate with someun like that.

We prefer attacking small, poor, weak countries. Makes us feel big and strong.

democracy to them. And we must also take away their WMD capability!

before they come over here.

His name is Pedro Hussein. He hates us for our freedoms.:sarcasm:

That's almost as deep as the Marianas trench!

But I've read that they are drilling deeper than that in various places around the world, in water up to 10,000 feet deep.

World consumption is roughly 85 million barrels of oil per day.

Not that Tupi was the largest oil find in the Western Hemisphere since the Cantarell field was tapped in the Gulf of Mexico in 1976.

Which goes to show how rarely significant new finds are made. And at 22,000+ feet depth!

We don't want to waste what resources we have available to us do we?