British Gas doubles oil estimates off the coast of Brazil to 8 million boe

Friday, July 1st 2011 - 06:52 UTC

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Reserve estimates in the Santos Basin off the coast of Brazil have an upside potential of 8 billion barrels of oil equivalent, an energy company in London said. Read full article

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Beef
There is also the massive Johnson gas field in the North Falkland Basin that is having new seismic data collected. Potentially an appraisal programme will be launched in the next couple of years. Argentina is short of gas (the methane kind not the verbal kind). Argentina could buy some from companies operating in the FI if this field is developed after sea-lion starts to flow oil?

Supply and demand, makes perfect sense.
Jul 01st, 2011 - 09:05 am - Link - Report abuse 0
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lsolde
Love to see that, Beef
Jul 02nd, 2011 - 11:01 am - Link - Report abuse 0
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