Brazil: Petrobas confirms new oil field found with 3-4Billion barrels of oil.
World News • September 2008 • Views: 365
Petrobras announces that the consortium formed by the Company (operator, 65%), BG Group (25%) and Galp Energia (10%), to explore block BM-S-11, in ultradeep Santos Basin waters, completed the drilling of well 1-BRSA618-RJS (1-RJS-656) and proved the relevant discovery of light oil in the pre-salt reservoirs. The recoverable volume is estimated at 3 to 4 billion barrels of light oil and natural gas in that area.