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First Brazilian pre-salt oil shipment to Chile in mid May

Wednesday, April 20th 2011 - 00:49 UTC
Full article 23 comments
The one million barrel shipment comes from the Lula field The one million barrel shipment comes from the Lula field

Petrobras, Brazil’s state-controlled oil producer will export its first cargo from the country’s second-largest crude field to Chile in mid-May.

Petrobras agreed to sell 1 million barrels of oil from the offshore Lula (former Tupí) field in the so-called pre-salt area to Chile’s Empresa Nacional de Petroleo, or Enap, the Rio de Janeiro-based producer said today in an e-mailed statement.

Petrobras aims to double production by 2020 as it develops Lula and other deepwater oil discoveries lying two miles below the ocean surface and another two to four miles beneath the seabed. The field, with recoverable reserves of 6.5 billion barrels, trails the Brazilian government’ nearby Libra field that may hold as much as 15 billion barrels.

By the end of the year, mid 2012, Petrobras plans to be pumping 100.000 barrels of oil per day and by 2013, five million cubic metres of natural gas.

The pre-salt deposits run along the Rio do Janerio and Sao Paulo coastline and could turn Brazil into one of the world’s leading crude exporters.

The Lula field is managed by a consortium headed by Petrobras (65%), British Gas (25%) and Portugal’s Galp Energy (10%). The field begun to be exploited commercially last October with the anchoring of a rig vessel “Ciudad de Angra dos Reis” which extracts oil from wells drilled at water depths of 2.150 metres.

Categories: Economy, Energy & Oil, Brazil.

Top Comments

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  • GeoffWard

    I know the Tupi field is producing a lot of gas and hot air, but I just can't bring myself to call it the Lula Field.

    With 65% of the profits from the Chilean sale coming to Brasil, I look forward to seeing the audited and certified monies being managed by the new Agency such that it *TRANSPARENTLY* goes to the people of Brasil, and not into the pockets of politicians.

    If the process is transparent and uncorrupt from the off, there is a possibility - however small - that it might remain so.

    Apr 20th, 2011 - 12:29 pm 0
  • Forgetit87

    You don't have any reason to doubt that. You're just too addicted to negativism. I think you've watched Globo too much.

    Apr 20th, 2011 - 08:18 pm 0
  • GeoffWard


    I have billions and billions of Real's worth of reasons to doubt it.

    A 'leopard does not change its spots' without an awful lot of kicking and screaming.

    And, to only slightly misquote Jurrasic Park, “There WILL be kicking and screaming”.

    The leopard's spots may be changed,
    but I've a feeling that they will be the same spots, just in different places.

    Apr 20th, 2011 - 10:25 pm 0
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