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Tuesday, 14 October, 2008, 16:20 GMT | more prices >>

Carioca find 'may surpass Tupi'



By Upstream staff 

Brazil's head of the National Petroleum Agency Haroldo Lima said an offshore find in the Carioca oilfield by state-owned Petrobras may contain 33 billion barrels of oil equivalent.

Haroldo Lima told reporters the find would be five times larger than last year's giant subsalt Tupi discovery.

It is unclear whether the reserve estimate was recoverable or in-place, reported Reuters.

"It could be the world's biggest discovery in the past 30 years," Lima told reporters.

Petrobras last year put Tupi's recoverable reserves at between 5 billion and 8 billion barrels of oil equivalent, most of it light oil.

Lima's comments were confirmed by Fernando Manso, a spokesman for the agency reported Bloomberg.

There have been comments as of yet from state-run Petrobras.

The Carioca field is in the BM-S-9 block. The field, discovered in September 2007, is at a depth of 2410m and is 273 kilometres off the coast of Rio de Janeiro state.


Monday, 14 April, 2008, 16:21 GMT  | last updated: Friday, 18 April, 2008, 02:28 GMT

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