Παρασκευή 15 Απριλίου 2011

Brazil Lula Field May Hold 6.7 Billion Barrels

The Lula oil field offshore Brazil may hold 6.7 billion barrels of oil, with 200 million barrels of reserves outside an exploration block, O Estado de S. Paulo reported, without saying where it got the information.

Brazil’s oil regulator has asked state-controlled Petroleo Brasileiro SA (PETR4) to start a so-called unitization process to determine how far the Lula field extends beyond the contract of the block, BM-S-11, Sao-Paulo-based Estado said today.
Petrobras, as the Rio de Janeiro-based producer is known, estimates Lula’s oil reserves at 6.5 billion barrels.
To contact the reporter on this story: Peter Millard in Rio de Janeiro at Pmillard1@bloomberg.net
To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net
http://www.bloomberg.com/news/2011-04-14/brazil-lula-field-may-hold-6-7-billion-barrels-estado-says.html

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