Brazil's probable oil reserves may jump to 30 billion barrels in the near future, from 15 billion at present, the new president of Brazil's oil regulator ANP said Wednesday.
Brazil's oil reserves may soon double
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RIO DE JANEIRO -(MarketWatch)- Brazil's probable oil reserves may jump to 30 billion barrels in the near future, from 15 billion at present, the new president of Brazil's oil regulator ANP said Wednesday.
At present only 4% of Brazil's sedimentary basins, which potentially hold oil, are being researched, said Magda Chambriard, taking office as ANP president in Rio de Janeiro. Further investments in the sector need to be encouraged to help boost Brazilian industrial development, said Chambriard, the first woman to head up the ANP.
ANP is working on a system of "intelligent supervision" of operations in the oil exploration, production, refining and distribution areas, Chambriard said. This will involve striking partnerships with other public sector bodies to ensure efficient supervision of all areas, including environmental control, she said |
