Don't display this message again [x]

Dear User,

On March 28, 2015 OilCareers and Rigzone will be coming together to provide you with access to the world’s largest resource for Oil and Gas news, jobs and industry insights.

We have recently updated our Terms & Conditions to accommodate these changes. Please read them carefully. By using the Site, you agree to be bound by these terms and conditions. These Terms and Conditions are effective as of March 30, 2015.

Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Brazil's Petrobras, Partners Find Good Quality Oil In Carioca Field

change text size
Reuters

SAO PAULO, Dec 19 (Reuters) - A consortium led by Brazil's state-controlled oil company Petróleo Brasileiro SA found good-quality oil in the sub-salt Carioca offshore field, which might have about 459 million barrels of oil equivalent in recoverable reserves.

Petrobras, as the company is known, said in a securities filing late on Thursday that the field was declared commercial and will submit the plan to develop Carioca to regulatory watchdog ANP within 180 days.

The Carioca field, which will be renamed "Lapa" by Petrobras and its partners, is located in the so-called sub-salt polygon - an offshore area half the size of Italy. It covers oil provinces that produce more than 80 percent of Brazil's output and may contain as much as 100 billion barrels of oil, according to Rio de Janeiro State University.

The consortium is formed by Petrobras, BG Group Plc and a joint venture between Spain's Repsol SA and China Petroleum and Chemical Corp , also known as Sinopec.

Copyright 2015 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Software Engineer - Mobility Solutions Developer
Expertise: IT - Software Development|Software Specialist
Location: Houston, TX
 
Data Scientist
Expertise: IT - Programming & Database|Software Specialist
Location: USA
 
ESG Consultant I-FRS
Expertise: Geophysicist
Location: 10200 BELLAIRE BLVD, HOUSTON, TEXAS 77072, TX
 
search for more jobs