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To: Bearcatbob who wrote (95099)12/27/2007 9:32:12 AM
From: elmatador  Respond to of 206317
 
The timetable has not yet been drawn. Petrobras exploration and production director, Guilherme Estrella, said that Petrobras hopes to declare Tupi's commercial viability in 2008 or 2009, but it already has teams of experts working on the field development scheme.

A pilot project will start between 2009 and 2011 and produce about 100,000 barrels, he said.



To: Bearcatbob who wrote (95099)12/27/2007 11:10:35 PM
From: elmatador  Respond to of 206317
 
PBR eager to get Tupi oil is because it imports light oil to mix with the heavy oil they get, thus getting Tupi light oil quickly means cutting imports.

Same goes for Bio-Diesel, i.e., cut imports: It imports USD1.7bn of Diesel every year. Thus producing bio-diesel and not importing, the money circulates inside the economy instead of helping the Arabs buy Roll-Royces.


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