Petrobras and Repsol agree to develop oil and gas off Santos

Tuesday, April 7th 2009 - 11:47 UTC

Full article 1 comment

The consortium formed by Brazil’s government managed oil and corporation Petrobras (63%, operator) and Spain’s Repsol (37%) has delivered a Declaration of Commercial Viability for a light oil and gas discovery made in reservoirs located above the salt layer, in block BM-S-7, in the Santos Basin. Read full article

Comments

Disclaimer & comment rules

geolog
US Energy Secretary, Dr. Steven Chu said recently in the New York Times: ”If we don’t spend this money wisely and invest in new technology that addresses these challenges, we will have failed the country. We will have failed the world.”
I agree therewith. Particularly, we have to get real progress in petroleum exploration. What are we doing in exploration now? One commercial discovery in four wildcats, isn’t it? Why does 75% drilling efforts waste? Drilling of huge number of dry exploration holes hurts the world climate, as well as world economy, significantly.
There is a new technology for oil/gas detection providing above three discoveries in four wildcats. See: http://www.binaryseismoem.weebly.com .
With new technology (patented invention US 7,330,790) we could make up to three times more oil and gas discoveries than when using conventional technology. And the fact that new technology won’t need more investments is also very important. I disclosed the technology, designed it and successfully tested in the Barents and the Black Seas as well as in the Gulf of Mexico.
I will be happy to help any company to implement my technology. But petroleum industry (top geologists etc) ignores the technology because it will clear real company resources before investors.

A. Berg, Ph.D.
San Jacinto, CA
Apr 09th, 2009 - 03:23 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!