Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Huge new oil discovery in Brazil
BBC ^ | 28 December 2005 | BBC

Posted on 12/28/2005 6:38:29 PM PST by george76

Brazil's state-owned oil company, Petrobras, says it has discovered a huge new offshore oil field off the coast of Rio de Janeiro state.

The Papa-Terra field was found in the Campos Basin, which is already Brazil's most important oil-producing region.

Petrobras estimates it contains at least 700 million barrels of crude - about 10% of Brazil's current reserves.

The field, which is jointly operated with the US company Chevron, should start producing oil by the end of 2011.

Petrobras said the oil from the Papa-Terra field was heavier than the sweet light crude favoured by international markets, but the firm was investing $2bn in adapting its refineries to process heavy oil.

New advances

The new field is expected to help Petrobras achieve its goal of making Brazil self-sufficient in oil. Since 2003, the company has been meeting 91% of the country's needs.

The Campos Basin region already contains 40 other offshore oil fields producing more than 1.1 million barrels a day, amounting to more than 60% of Brazil's production.

(Excerpt) Read more at news.bbc.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: anwr; brazil; chevron; ecoterrorists; energy; envirnomentalists; greenpeace; oil; petrobras; selfsufficient
Navigation: use the links below to view more comments.
first 1-5051-100101-112 next last

1 posted on 12/28/2005 6:38:30 PM PST by george76
[ Post Reply | Private Reply | View Replies]

To: george76

I need to learn Portugese.


2 posted on 12/28/2005 6:40:02 PM PST by Fierce Allegiance (I miss my dad.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Too close to "Hugo" the Megalomaniac!


3 posted on 12/28/2005 6:41:04 PM PST by acapesket (never had a vote count in all my years here)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fierce Allegiance

No no no!!! You can't drill for oil? What about the environment?


4 posted on 12/28/2005 6:41:25 PM PST by bubman
[ Post Reply | Private Reply | To 2 | View Replies]

To: Fierce Allegiance

It spoken like Spanish, only with a Russian accent.


5 posted on 12/28/2005 6:41:55 PM PST by Eric in the Ozarks
[ Post Reply | Private Reply | To 2 | View Replies]

To: acapesket

> Too close to "Hugo" the Megalomaniac!

Indeed, I hear Brazil too is being captivated by the leftist wave in South America.


6 posted on 12/28/2005 6:43:32 PM PST by XEHRpa
[ Post Reply | Private Reply | To 3 | View Replies]

To: bubman
No no no!!! You can't drill for oil? What about the environment?

No. You don't understand. They aren't Americans. It's OK for them to drill.

7 posted on 12/28/2005 6:44:35 PM PST by Onelifetogive (* Sarcasm tag ALWAYS required. For some FReepers, sarcasm can NEVER be obvious enough.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Eric in the Ozarks

I want to be able to order a beer in Rio. And then some.


8 posted on 12/28/2005 6:45:06 PM PST by Fierce Allegiance (I miss my dad.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: bubman
No no no!!! You can't drill for oil? What about the environment?

It's OK if you drill where the rainforest was clearcut, right?

9 posted on 12/28/2005 6:46:05 PM PST by Fierce Allegiance (I miss my dad.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Onelifetogive

No, it's only OK for them to drill if they confiscate the field from Chevron after it's developed, natinalize it, mismanage it, and run it into the ground.

Then all the leftists in America will admire them.


10 posted on 12/28/2005 6:47:26 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 7 | View Replies]

To: george76

DRILL IN BRAZIL~!


11 posted on 12/28/2005 6:48:00 PM PST by Terriergal (Cursed be any love or unity for whose sake the Word of God must be put at stake. -- Martin Luther)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

I guess that peak oil theory that we will all be using the horse and buggy soon is going to take a hit.


12 posted on 12/28/2005 6:48:27 PM PST by Fzob (Why does this tag line keep showing up?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Good news!


13 posted on 12/28/2005 6:48:53 PM PST by Dog Gone
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fierce Allegiance

Maximum utility of land resources. Sounds like a plan. More cuttin less talkin!!


14 posted on 12/28/2005 6:50:24 PM PST by bubman
[ Post Reply | Private Reply | To 9 | View Replies]

To: Fierce Allegiance
Uno mas cervaza, por favor, senorita. The rest you will have to figure out for yourself.
15 posted on 12/28/2005 6:50:24 PM PST by Ditter
[ Post Reply | Private Reply | To 8 | View Replies]

To: Dog Gone

I heard the pay is $1000 a day down there for us.


16 posted on 12/28/2005 6:54:23 PM PST by razorback-bert
[ Post Reply | Private Reply | To 1 | View Replies]

To: bubman
LOL!!!! Lets see how Brazil handles Greenpeace as they try to block construction of the offshore rigs.

KABOOM!!!

glub, glub...glub...

"Hola. Warning, your ship..."

17 posted on 12/28/2005 6:54:30 PM PST by 69ConvertibleFirebird (Never argue with an idiot. They drag you down to their level, then beat you with experience.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: george76

Now if it was found off our coast the liberals would whine and tell us that drilling it would hurt the enviroment.


18 posted on 12/28/2005 6:55:01 PM PST by hoosierboy
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

can't drill there sorry...very rare sea algae has been found..if we drill even 500 miles away from it, the universe as we know it may end


19 posted on 12/28/2005 6:55:09 PM PST by janetjanet998
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

According to my math, Brazil runs out of oil in 20 years.
This addition is only a little more than 700 days worth of oil.

ANWAR is much larger! Barbara Boxer is not planning a vacation there anytime soon.


20 posted on 12/28/2005 6:55:12 PM PST by Prost1 (Sandy Berger can steal, Clinton can cheat, but Bush can't listen!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: razorback-bert
I heard the pay is $1000 a day down there for us.

Will we be called wetbacks?

21 posted on 12/28/2005 6:56:20 PM PST by 69ConvertibleFirebird (Never argue with an idiot. They drag you down to their level, then beat you with experience.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: george76

Yippee!


22 posted on 12/28/2005 6:57:18 PM PST by yldstrk (My heros have always been cowboys-Reagan and Bush)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

Bad news for Chavez.


23 posted on 12/28/2005 6:57:44 PM PST by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ditter

Well, I know spanish and some italian, so i guess I could scrape by.

Donde esta el bano?


24 posted on 12/28/2005 6:58:16 PM PST by Fierce Allegiance (I miss my dad.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: george76

a "huge" oil deposit in Brazil of 700 million barrels, someone remind me what the estimated crude yield is for ANWR


25 posted on 12/28/2005 6:58:59 PM PST by Texas_Jarhead
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ditter

"Uno mas cervaza, por favor, senorita"

Close. uma mais cerveja por favor, senhora.

I can just barely get by in portugese and I speak spanish pretty well.


26 posted on 12/28/2005 6:59:14 PM PST by ndt
[ Post Reply | Private Reply | To 15 | View Replies]

To: george76
Anwar is 15 times this size, and a few idiot greens are stopping it.
27 posted on 12/28/2005 6:59:35 PM PST by JasonC
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76; Dog Gone; Carry_Okie; tubebender; Ernest_at_the_Beach; BOBTHENAILER
THIS CANNOT BE!!! The world's oil supply has PEAKED!!!

I heard it on Art Bell and from contrarians on FreeRepublic.com!!!

28 posted on 12/28/2005 7:00:15 PM PST by SierraWasp (EnvironMentalism... America's establishment of it's unconstitutional State Religion!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Texas_Jarhead
The mean estimate for recoverable reserves at Anwar from the US geological survey are 10.4 billion barrels. With a "b". In place resource estimates (stuff likely to be there, but not obviously recoverable with current tech) range as high as 30 billion.
29 posted on 12/28/2005 7:01:06 PM PST by JasonC
[ Post Reply | Private Reply | To 25 | View Replies]

To: razorback-bert
I heard the pay is $1000 a day down there for us.

Hells bells, blame it Rio, where are the airline tickets?

30 posted on 12/28/2005 7:02:11 PM PST by Dog Gone
[ Post Reply | Private Reply | To 16 | View Replies]

To: Terriergal
"DRILL IN BRAZIL~!"

Holy Toledo! (America's only holy city) That has a real ring to it!!!

31 posted on 12/28/2005 7:02:51 PM PST by SierraWasp (EnvironMentalism... America's establishment of it's unconstitutional State Religion!!!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Brilliant
Hope it is bad news for Chavez, but right now he's the one with the dough and the Commie regime... maybe now all of the Brazilians will leave New England.. that would be a great thing.
Think I'll take Portugese for this year
32 posted on 12/28/2005 7:03:21 PM PST by acapesket (never had a vote count in all my years here)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Dog Gone

I just KNEW you'd be lurkin!!!


33 posted on 12/28/2005 7:03:48 PM PST by SierraWasp (EnvironMentalism... America's establishment of it's unconstitutional State Religion!!!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: SierraWasp
I'm always rootin' tootin' oil thread lurkin'.

I can't help it.

34 posted on 12/28/2005 7:06:30 PM PST by Dog Gone
[ Post Reply | Private Reply | To 33 | View Replies]

To: Dog Gone

Iszat where we finds da girl from Ipanima?


35 posted on 12/28/2005 7:06:53 PM PST by SierraWasp (EnvironMentalism... America's establishment of it's unconstitutional State Religion!!!)
[ Post Reply | Private Reply | To 30 | View Replies]

To: george76

plus i think their economy is 40-60 % ethanol based

good on brazil ha


36 posted on 12/28/2005 7:07:14 PM PST by Flavius (Qui desiderat pacem, praeparet bellum)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SierraWasp

Gawd, I hope so. Let's go find out.


37 posted on 12/28/2005 7:07:41 PM PST by Dog Gone
[ Post Reply | Private Reply | To 35 | View Replies]

To: Fierce Allegiance

Brazil has always been on the edge of being a great democratic country, but this goal has always been just out of reach. They have a functioning middle class, good manufacturing and make good beer.


38 posted on 12/28/2005 7:07:51 PM PST by Eric in the Ozarks
[ Post Reply | Private Reply | To 8 | View Replies]

To: Fierce Allegiance

"El bano es cerro" LOL! I understand more than I speak and most of what I speak is household Spanish. "Ponga este in la vasuda." "Lava me pantalones muy rapido". ;9]


39 posted on 12/28/2005 7:08:49 PM PST by Ditter
[ Post Reply | Private Reply | To 24 | View Replies]

To: Dog Gone

I be right dere wiff ya!!!


40 posted on 12/28/2005 7:09:07 PM PST by SierraWasp (EnvironMentalism... America's establishment of it's unconstitutional State Religion!!!)
[ Post Reply | Private Reply | To 37 | View Replies]

To: bubman
No no no!!! You can't drill for oil? What about the environment?

The environment is only a consideration when it involves America.

Everybody else can do as they please.

41 posted on 12/28/2005 7:11:38 PM PST by airborne (If being a Christian was a crime, would there be enough evidence to convict you?)
[ Post Reply | Private Reply | To 4 | View Replies]

To: JasonC

Actually we should drill all over the globe until crude runs out - then open ANWR and sell crude for $300/barrel and make back all the money we paid to Arabs (with interest)

How's that for a plan?


42 posted on 12/28/2005 7:12:15 PM PST by systematic (Folding@Home for Team FreeRepublic (Team# 36120) - For more info, search FR keyword: folding)
[ Post Reply | Private Reply | To 27 | View Replies]

To: george76

I guess you could say that Brazil is almost self-sufficient in energy. Something the U.S. will never be.


43 posted on 12/28/2005 7:13:08 PM PST by taxesareforever (Government is running amuck)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JasonC

Check out our coal supply and Rentech RTK.
Oil is getting way expensive to find and deliver.
I have a couple shares of RTK.


44 posted on 12/28/2005 7:18:21 PM PST by earplug
[ Post Reply | Private Reply | To 27 | View Replies]

To: systematic

Actaully, I have been consoling myself with your basic idea lately, ANWR is money in the bank, and it's value increases as it sits there.

I would like to run it through my car before I die, though...


45 posted on 12/28/2005 7:18:32 PM PST by SaxxonWoods (Alan Colmes is a traitor, I don't allow Hannity and Colmes on my TV.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: systematic
It is stupid, sorry. Present value. Oil now is worth a lot more than oil later. The price would have to rise 7% per year to break even. No it won't remotely pay the interest. Besides, crude oil is only worth using in the first place because it cheap. You can make oil out of coal synthetically for about $100 a barrel.
46 posted on 12/28/2005 7:19:29 PM PST by JasonC
[ Post Reply | Private Reply | To 42 | View Replies]

To: taxesareforever
Some kid somewhere right now is thinking about fusion catalysts like Edison thought about light bulbs. We just can't be sure when. But dollars to donuts, said kid is either American already, or on his way here.
47 posted on 12/28/2005 7:21:30 PM PST by JasonC
[ Post Reply | Private Reply | To 43 | View Replies]

To: 69ConvertibleFirebird

"I heard the pay is $1000 a day down there for us."

"Will we be called wetbacks?"


For a thousand dollars a day you could call me ANYTHING.

Just make sure the check doesn't bounce!!


48 posted on 12/28/2005 7:21:47 PM PST by RedMonqey (People who don't who stand for something, will fall for anything.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: systematic

Were lucky the oil producing nations accept payment in worthless dollars.
As fast as we print them and borrow, A prudent nation would look for better an better trading partner with a valid check book.


49 posted on 12/28/2005 7:22:10 PM PST by earplug
[ Post Reply | Private Reply | To 42 | View Replies]

To: george76
A relative comparison. Under best predictions based on stuff I have read, we could expect some 8-10 billion barrels from the proposed ANWR site. I am sure estimates vary but a few years back figures, the US consumes about 20million barrels of oil per day (that is of course in the form of many refined end products, e.g. gas, lubricants, petrochemicals).
So with no intention of spoiling this news, 700mb. won't last long for the world to eat up, err drink up.
50 posted on 12/28/2005 7:22:31 PM PST by Marine_Uncle (Honor must be earned)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-112 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson