Brazil strikes natural gas onshore in the northeast of the country

Tuesday, June 28th 2011 - 06:37 UTC

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Brazil’s state-controlled oil company Petrobras discovered natural gas in an onshore field near an area where Brazil plans to auction exploration licenses later this year. Read full article

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GeoffWard2
A good reported linking of Brasil and West African submarine oil reserves.
The geology is parallel both in time and in subsequent geological histories.
BP Plc, Total SA (TOT), Statoil ASA (STL) and Chevron Corp. (CVX) are a cracking group of partners to put alongside Petrobras.
Good luck with the bidding, and all hopes that the greater Brasilian nation derives maximum benefit from the profits - you know exactly what I mean.
Jun 28th, 2011 - 10:07 pm - Link - Report abuse 0
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brazilya
Yep, the revenues from what look to be huge discoveries could be a huge boon to Brazil. Just need to make sure that drilling is ultra-safe, though: tourism is also a huge boon and these sites are a little close to the jewel in Brazil's holiday crown, Fernando de Noronha (http://www.therealbrazil.com/guide/fernandodenoronha.aspx) - I'd really hate to see a Gulf of Mexico situation here...
Jun 29th, 2011 - 10:43 am - Link - Report abuse 0
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GeoffWard2
Agree totally
Jun 29th, 2011 - 01:39 pm - Link - Report abuse 0
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