Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

BG Group makes find in Brazil

|
|
 
  
Published: Nov. 13, 2009 at 12:16 PM
Advertisement

BRASILIA, Brazil, Nov. 13 (UPI) -- BG Group announced it encountered medium crude oil at the Tupi Northeast well in Block BM-S-11 in a development off the coast of Brazil.

BG Group and its partners at Brazil's Petrobras, the operator, and Portugal's Galp drilled the well that encountered a carbonate reservoir that was roughly 800 feet thick, the company said.

The company classified the reserves as medium crude oil. The partnership in the offshore Santos Basin said the find reinforces estimates that the Tupi well holds between 5 billion and 8 billion barrels of oil equivalent of recoverable reserves.

The Tupi northeast well is located about 160 miles from Rio de Janeiro in a water depth of 6,900 feet.

The partners plan to continue with activities in the region under provisions approved by the Brazilian government. Drilling will continue at Tupi Northeast to evaluate productivity.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The making of the Oscars The Chicago Auto Show The Tibetan Moniam Festival in China
Additional Energy Resources Stories
1 of 21
President Obama Signs Smuggling Prevention Act at White House
View Caption
fark
If we timewarped back by 2000 years, what job would you most qualified to do? No, you can't bring...
BAD: getting caught in a landslide while hiking. WORSE: getting struck by lightning while trying...
Weepy eyes, hot chix, Jersey Shore Ronnie and a guy with mini fishing reels stuck in his beard....
French roadbuilders find 21 German WWI soldiers...and 1 goat
Photoshop this crazy old coot in the cold
Anonymous ends the week by bringing down the CIA webpage. *golf clap*