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Politics : John McCain for President -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (3177)	9/12/2008 12:28:06 PM
From: RetiredNow	Read Replies (2) \| Respond to of 6579

Petrobras Confirms Find of Another Giant Oil Field 12 September 2008 Petrobras confirmed the discovery of another giant (> 500 million barrels recoverable) offshore oil and gas field in the ultra deep Santos Basin waters. Petrobras and its consortium partners—BG Group (25%) and Galp Energia (10%)—said that the new Iara field has a recoverable volume estimated at 3-4 billion barrels of light oil and natural gas. Iara Location of Iara and other exploratory blocks. Click to enlarge. Iara, which is about 230 km (143 miles) off the coast of the city of Rio de Janeiro, is under 2,230 meters (1.4 miles) of water. The field is north of Tupi, the giant field discovered in 2006 with an estimated recoverable volume of 5-8 billion barrels of light oil and gas. (Earlier post.) When the light oil discovery made in Iara on 7 August was fist announced, the well was still being drilled in search of deeper objectives. These objectives were reached and the quality and porous thickness of the oil-bearing reservoirs proved to be even better than the initial expectations, according to Petrobras. The new discovery was confirmed by a cable test and revealed the existence of light oil, with specific gravity between 26° and 30° API, in an area of some 300 square kilometers that has been very well defined seismically.