Huge oil reserves discovered in Brazil - important export nation
Brasilia (AFP) - Brazil huge new oil and gas reserves discovered. The South American country could be so similar to a major oil exporter such as the Arab states, Nigeria and Venezuela, said the head of of the Brazilian Presidential Office, Dilma Rousseff, and the head of the state-controlled oil company Petrobras, Jose Sergio Gabrielli said Thursday. The field "Tupi" 250 kilometers off the southeast coast of the country's mountains deposits 5:00 to 8:00 billion barrels of oil and natural gas, Petrobras announced. Given the possibility of further oil field come further south.
The "Tupi" is among 65 percent of the state-controlled Petrobras, to 25 percent of the British company BG and to ten percent of the Portuguese Petrogal-Galp Energia. Also, the possibility that other oil field in under a thick layer of salt lying zone of 800 kilometers and 200 kilometers wide lies off the coast is, most of Petrobras. The state will forgive "in the public interest" for the time being no licenses for the development of the area, announced President Director Rousseff.
Petrobras currently supports 1.9 million barrels of oil per day. That is enough to Brazil to supply oil. The oil field off the coast would be the events over which the Group to increase by half and allow it to export oil in a large scale. Currently, Petrobras According to company statements about events of 11.5 billion barrels of oil.
The discovery was a "good news", an analyst said Adriano Pires of Brazil Center infrastructure. The field "Tupi" lies, however, in very deep water, which would make the promotion is very expensive. It would be worthwhile only if oil prices remain at its current level. The production could not start in four or five years.
Pölten Tec vegetable oil & biofuels - alternative energy. http://www.poel-tec.com 
