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To: elmatador who wrote (47413)3/13/2009 1:41:32 PM
From: Haim R. Branisteanu  Respond to of 217574
 
Exxon Brazil Find May Hold 8 Billion Barrels of Oil (Update2)

By Joe Carroll

March 13 (Bloomberg) -- Exxon Mobil Corp.’s oil discovery off the coast of Brazil may hold enough crude to rival the nearby Tupi prospect as the Western Hemisphere’s largest find in three decades.

Exxon Mobil’s Azulao-1 well tapped a reservoir that could contain 8 billion barrels of recoverable oil, said Luiz Lemos, a partner at TozziniFreire Advogados, a Brazilian law firm that represents foreign energy companies with projects in the South American nation.

bloomberg.com