{"id":124,"date":"2007-11-19T12:01:53","date_gmt":"2007-11-19T16:01:53","guid":{"rendered":"https:\/\/blogs.transparent.com\/portuguese\/?p=124"},"modified":"2014-07-18T17:10:39","modified_gmt":"2014-07-18T17:10:39","slug":"brazilian-oil-discovery","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/portuguese\/brazilian-oil-discovery\/","title":{"rendered":"Brazilian Oil Discovery"},"content":{"rendered":"

BYKI Web List and Podcast audio included below<\/em><\/p>\n

JACKPOT!<\/b><\/p>\n

You know that feeling when you find a $20 bill on the street? Pretty great, right? Ok now imagine finding a hundred billion dollars.<\/p>\n

That is essentially what happened to Brazil last week, when the national oil company Petrobras<\/b> stumbled upon an undiscovered underwater oil reserve holding between 5 and 8 billion<\/b> barrels of oil by their estimation. This find alone equals about 40% of the total volume of oil ever found<\/b> in the entire country.<\/p>\n

This addition to Brazil’s oil reserves will catapult the country to the top ten oil producers in the world, somewhere around number 8.<\/p>\n

<\/p>\n

The Tupi<\/b> oil field discovery sent the price of Petrobras’ ADR<\/a> rocketing from $26.03 to $116.77 for a whopping 386% gain in the New York Stock Exchange. The closing price was (surprise surprise) a 52-week high.<\/p>\n

The oil itself lies some 17,000 feet below sea level; 7,000+ feet of water and 10,000+ feet of the Earth’s crust separate dry land from the find. Since most of Brazil’s oil reserves lie under the Atlantic Brazil has become a global leader in ultradeep offshore drilling, and expects to be able to tap the reserve without major issues.<\/p>\n

The one unfortunate reality is that the cost of attaining the Tupi oil will reportedly approach four times that of other offshore reserves. Given the unlikelihood of the global price of oil falling below $60 USD, Petrobras plans to go ahead with plans to drill in the Tupi field. According to geologist Giuseppe Bacoccolli,<\/p>\n

\u201cPelos recentes valores contratados pela ind\u00fastria do petr\u00f3leo, uma plataforma n\u00e3o sai por menos de US$ 1,5 bilh\u00e3o, mais os cerca de US$ 500 milh\u00f5es em po\u00e7os e outros US$ 500 milh\u00f5es em equipamentos para dar a infra-estrutura necess\u00e1ria para a opera\u00e7\u00e3o desta unidade. Estamos falando de um investimento m\u00e9dio em torno de US$ 3 bilh\u00f5es por unidade de produ\u00e7\u00e3o, que responde por algo em torno de 100 mil a, no m\u00e1ximo, 150 mil barris de \u00f3leo por dia\u201d<\/b><\/p><\/blockquote>\n

Thanks to Linny Orlando (from the state of S\u00e3o Paulo) for the au<\/a>dio<\/a><\/span><\/em><\/p>\n

By the recent oil industry contract values, an [oil] platform would not be available for less than $1.5 billion US, plus around $500 million in wells and another $500 million in equipment in order to create the infrastructure necessary for the operation of such a unit. We are talking about an investment in the neighborhood of $3 billion US per production unit, which would supply somewhere between 100 thousand and, at the high end, 150 thousand barrels of oil a day.<\/p><\/blockquote>\n

The Associated Press reports<\/a> that Brazil has announced plans to build a nuclear submarine to protect the Tupi field. Lula<\/b> has announced $540 million dollars in funding for the sub program and the uranium enrichment necessary for the project.<\/p>\n

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petr\u00f3leo<\/td>\ngasoline<\/td>\nrecuper\u00e1vel<\/td>\nrecuperable<\/td>\n<\/tr>\n
valorizar<\/td>\nto be worth<\/td>\nbiocombust\u00edveis<\/td>\nbiocombustibles<\/td>\n<\/tr>\n
profundidade<\/td>\ndepth<\/td>\nPetrobras<\/td>\nBrazilian national oil company<\/td>\n<\/tr>\n
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BYKI Web List and Podcast audio included below JACKPOT! You know that feeling when you find a $20 bill on the street? Pretty great, right? Ok now imagine finding a hundred billion dollars. That is essentially what happened to Brazil last week, when the national oil company Petrobras stumbled upon an undiscovered underwater oil reserve…<\/p>\n

Continue Reading<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[1],"tags":[],"class_list":["post-124","post","type-post","status-publish","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/posts\/124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/comments?post=124"}],"version-history":[{"count":1,"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/posts\/124\/revisions"}],"predecessor-version":[{"id":5387,"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/posts\/124\/revisions\/5387"}],"wp:attachment":[{"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/media?parent=124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/categories?post=124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.transparent.com\/portuguese\/wp-json\/wp\/v2\/tags?post=124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}