Brazil oil giant discovers crude

Rio de Janeiro, May 9 (IANS/EFE) Oil giant Petrobras said it found “good quality” crude in an exploration well in Brazil’s deepwater Santos basin.

The Entorno de Iara well is 235 km off the coast of the southeastern state of Rio de Janeiro in the pre-salt layer, Petrobras said.

The pre-salt layer is found beneath the sea bottom and contains a gel-like deposit of salt that could be up to two kilometers deep.

The crude was discovered at a depth of 2,266 meters, but the well was drilled to 5,058 meters “after achieving the goals set in the Cesion Onerosa contract” approved in 2010, Petrobras said.

Located in a roughly 160,000 sq. km offshore area, the pre-salt fields are estimated to contain roughly 80 billion barrels of oil equivalent and could potentially transform Brazil into a major crude exporter.

–IANS/EFE

rd

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.