Tag Archives: exploration
Brazil to begin pumping oil in Tupi Posted by Rachel on Mar 9, 2009
Petrobras, Brazil’s state-owned oil company, has announced that it will begin drilling for crude oil in the Tupi oil field in the Santos basin on May 1, 2009. Discovered in 2007, the oil field is estimated to have between 5 and 8 billion barrels of oil, but could potentially have up to 80 million barrels…