Tag: deepwater

• Monday, July 4th 2011 - 05:45 UTC

  Spanish-Chinese group discover oil in Brazil’s pre-salt cluster, 6.851 metres deep

  

  Spanish oil and gas group Repsol YPF announced last week that its joint venture with China's Sinopec Group had made a new discovery of good quality oil in Brazilian ultra-deep water.

• Friday, July 16th 2010 - 08:01 UTC

  Petrobras begins deepwater pre-salt commercial crude production

  

  Brazil’s government controlled energy giant Petrobras began commercial crude production Thursday from a deepwater deposit in the pre-salt region, which the government anticipates will turn the country into a global leader in oil production.