Remember me | Forgot password
For full content view: Log in Now!
Lightning struck again in the Santos Basin offshore Brazil, when state-owned oil company Petroleo Brasileiro SA (Petrobras) announced on January 21 that a huge pre-salt natural gas and condensate field was found in Block BM-S-24.
According to some experts, the size of the new reserve, dubbed Jupiter, could match the giant pre-salt Tupi Field discovery disclosed in November 2007 in Block BM-S-11. Petrobras estimates that Tupi’s recoverable 5-8 billion boe will move the country into the top category of oil producers.
Oil analyst Marc McCarthy at Bear Stearns said Jupiter could turn Brazil into a natural gas exporter, which is “bad news for Bolivia.” That neighboring country supplies about 50% of the nearly 1.6 Bcf (46 MMcm) of gas Brazil consumes every day.
Petrobras reduced investments in Bolivia due to the nationalization of the oil and gas sector there in 2006. Compensation was negotiated for two refineries the company lost in Bolivia.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Doha - January 20-22
Cancun - January 27-29
Oslo - January 28-29
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.