Repsol-Sinopec makes huge oil discovery off-shore Brazil: 250m boe

Monday, February 27th 2012 - 19:56 UTC

Full article 4 comments

Spain's Repsol and China's Sinopec have made an oil discovery offshore Brazil that could be one of the biggest so far in the area and that boosted confidence that across in Africa, Angola's deepwater reserves may be abundant too. Read full article

Comments

Disclaimer & comment rules

Think
Statoil.......
That's what I call a company!
And from one of the worlds most beautifull Count :-)
Feb 27th, 2012 - 08:05 pm - Link - Report abuse 0
-+
Pugol-H
With an oil belt seeming to run right round the S Atlantic, has any drilling been done in (undisputed) Argentinian waters.

Or did they just miss out!
Feb 27th, 2012 - 09:03 pm - Link - Report abuse 0
-+
Wireless
Who would invest in those waters? Your Government has chased everyone away that was willing to invest with massive inflation, and restrictions on the movement of company profits out of Argentina.

There are much better places to invest.
Feb 28th, 2012 - 01:08 am - Link - Report abuse 0
-+
STRATEGICUS
This is interesting.According to Wikileaks releases of Stratfor information Brazil will (within limits) support Argentinian claims to the Falklands as they 'do not want the UK near Brazil's oil and gas prospects'.

At first this looks odd as the deep South Atlantic is nowhere near Brazil. Then when you look at what they say about the oil deposits near Angola and the oil bearing strata running across the Atlantic does it mean they think there could be prospects mid Atlantic . And what is there mid Atlantic between Brazil and Angola but a series of British islands with a potential 200 mile EEZ .(Ascension,Saint Helena, Tristan Da Cunha).

Would Brazil do an Argentina and discover a long lost claim to those islands. Probably not! Brazil is a much more mature and grown up country than Argentina .
Maybe interesting possibilities for the future !
Feb 28th, 2012 - 10:27 pm - 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!