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Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

Thursday, September 18th 2014 - 06:25 UTC
Full article 11 comments

Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday. Read full article


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  • Brasileiro

    In just eight years we were able to prospect 500 000 barrels / day. A record in the world!

    Sep 18th, 2014 - 11:00 am - Link - Report abuse 0
  • golfcronie

    At what cost?

    Sep 18th, 2014 - 02:47 pm - Link - Report abuse 0
  • Monkeymagic

    Great news for Brazil...hope their people can share the wealth and exit the Latam poverty merrygoround.

    Sep 18th, 2014 - 05:52 pm - Link - Report abuse 0
  • Briton

    if they make it, good luck to them,
    just don't let you know who lend some.

    Sep 18th, 2014 - 06:40 pm - Link - Report abuse 0
  • Brasileiro

    Much smaller than the profit, sure.

    Sep 18th, 2014 - 08:44 pm - Link - Report abuse 0
  • Jack Bauer

    @1 & 5 Brasileiro
    “Só p'ra variar, você está redondamente enganado”; Just for a change, you are totally wrong !
    D' you really believe that increasing oil production by 500,000 bbl/day, over 8 years, is a world record ? May I suggest you stop watching videos prepared by the PT , to fool idiots like yourself.
    Just for your info, Brazil is only the 9th producer in the world, with 2.8 million bbl/day. And although you don't like the USA, or the truth , here it is : Today, the USA is the largest crude oil producer in the world, with an output of about 11 million bbl/day, followed by Saudi Arabia and Russia. So, suck it up, brainless wonder !!

    Sep 18th, 2014 - 09:30 pm - Link - Report abuse 0
  • Brasileiro

    “Não dá tesão prá responder!” You only speaks aggressively.

    Sep 18th, 2014 - 09:36 pm - Link - Report abuse 0
  • Tik Tok

    #7 Brasso you are being an ignorant PT uninformed crackpot. You need to brass up on your facts. Petrobras is a case study on politicians with vested interests, corruption, inefficiency.

    Sep 19th, 2014 - 04:18 am - Link - Report abuse 0
  • Brasileiro

    @ 8 Britishit, you're misinformed, as always.

    Sep 19th, 2014 - 09:47 am - Link - Report abuse 0
  • Tik Tok

    #9 Go grow some, wrong as usual

    Sep 19th, 2014 - 12:17 pm - Link - Report abuse 0
  • Jack Bauer

    @7 Brasileiro
    “Não dá tesão prá responder!” ?????? Ou não tem argumentos para refutar ??

    Brazzo said “he can't get himself 'turned-on' enough to reply” ;
    I said “or you are unable to refute what I said ?”

    It has always been like this with the Brazzo...he makes silly claims, then when challenged to prove them, he either does not respond , or quickly goes off at a tangent...typical PeTista ! the 5th October is'd better go and hide under your rock !!

    Sep 19th, 2014 - 05:23 pm - Link - Report abuse 0

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