On September 16, 2009
Spillover Effect: Another Pre-Salt Discovery in Brazil
The latest oil and gas discovery offshore Brazil has made the country’s deepwater pre-salt region known as the Santos Basin virtually impossible to ignore. And with every discovery, an economic ripple makes its way through the oil and gas industry and of course, the Brazilian government. Brazil’s state-owned energy company Petrobras, along with its partners Repsol YPF and BG Group announced Tuesday another oil and gas find in the Abare Oeste (or West) well in the Santos Basin. The Abare discovery is located within block BM-S-9, which is worth noting because its home to several other large finds. Abare is the fourth well drilled in the BM-S-9 block. Oil and gas has been found in the other three wells, Guara, Carioca and Iguacu. The same…
0 Comments