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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 457.82

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Jan 23 4:00 PM EST

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To: JimisJim who wrote (62087)	3/24/2010 2:16:37 AM
From: elmatador	Read Replies (1) of 219703

Fourth well in Tupi area shows strong flow rates Petrobras says new Tupi well highly productive Tue Mar 23, 2010 6:49pm EDTStocks * Fourth well in Tupi area shows strong flow rates Stocks \| Energy * Offshore well could produce 30,000 bpd RIO DE JANEIRO, March 23 (Reuters) - A new well in Brazil's massive offshore Tupi area has shown high flow rates and could produce up to 30,000 barrels per day (bpd), state-run oil company Petrobras (PETR4.SA)(PBR.N) said on Tuesday. Petrobras said the 3-RJS-662A well, the fourth drilled in the Tupi area that is believed to hold 5 billion to 8 billion barrels of oil, had initial flow rates of 5,000 barrels per day. "The potential production of this well was estimated at close to 30,000 barrels per day, showing the high productive capacity in the Tupi area that has been demonstrated by other wells tested in the region," the company said in a statement. The well is in the BM-S-11 concession block and was drilled 265 kilometers (165 miles) from Rio de Janeiro at a depth of 2,115 meters (6,940 feet). (Reporting by Brian Ellsworth; Editing by Marguerita Choy)

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