Could commercial investment in Brazil rise on fresh oil discovery?
Date added: 28th July, 2010 at 10:21
(view all articles from July, 2010)
Categories: Natural Resources
Commercial investment in Brazil could grow in popularity following a new oil discovery in the Campos Basin.
Stretching from Cabo Frio - in the state of Rio de Janeiro - to Florianopolis, the offshore site is the largest in the country.
Over an area of 352,000 km, it is split into five production poles, in which both deep and ultra-deep drilling has been achieved.
Two new accumulations have been identified in a single well around 100 km off the coast of Rio de Janeiro state.
One of the discoveries is estimated to have the potential to yield 25 million barrels of oil, while it is predicted 40 million barrels could be recovered from the other.
Having found the accumulations in the Barracuda Field - where complete outflow and production infrastructure exists - the company is now looking into the possibility of interconnecting the well to nearby Platform P-43, which is already in operation.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for commercial investment in Brazil.
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