Brazil: Petrobras to use Portuguese technology to explore giant oil reserve

2 September 2008

Sao Paulo, Brazil, 2 Sept – Brazil’s state oil company, Petrobras plans to use technology from Portuguese company Partex to explore a giant oil reserve beginning Tuesday, the company’s director for Exploration and Production said in Sao Paulo Monday.

Guilherme Estrella said that the technology used by Partex for oil exploration, in Oman, will be used by Petrobras, namely in the region below the salt layer.

Estrella was speaking to journalists on the eve of the start of official exploration of the pre-salt layer, in the Jubarte field on the coast of the state of Espírito Santo, in southeast Brazil.

The fields below the salt layer are located, on the southeast coast, with sedimentary basins formed 150 million years ago at an average depth of 7,000 metres.

Since exploration began in this region, over a year ago, Petrobras and foreign companies have already drilled many wells and at all of them oil was found.

The regions production potential is estimated at 80 billion barrels making Brazil owner of the sixth largest world reserve, behind Saudi Arabia, Iran, Iraq, Kuwait and the United Arab Emirates. (macauhub)