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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (57809)	11/13/2009 4:38:34 AM
From: elmatador	Respond to of 217617

Petrobras confirms potential Tupi oil reserves Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) completed the drilling of the fourth well in the Tupi Assessment Plan area and the results reinforce the estimations of the potential of 5 to 8 billion barrels of recoverable light oil and natural gas in the pre-salt reservoirs of that area, located in ultra-deep Santos Basin waters. The well, called 3-BRSA-755A-RJS (3-RJS-662A), is located 2,115 meters below the water line, nearly 265 km off the coast of Rio de Janeiro, and 18 km northeast of discovery well 1-RJS-628 (1-BRSA-369), known as Tupi. A thick section (approximately 250 meters) of reservoirs was drilled and light oil (nearly 28o API) was found, sampled via tests at depths beginning at 4,900 meters. Formation tests aimed to assess reservoir productivity are scheduled to begin in the next few weeks. The Consortium, formed by Petrobras (65% - Operator), BG Group - BRGYY.PK, BG.LN (25%) and Galp - GALP.LS (10%), to explore block BM-S-11, where Tupi is located, will carry on with the activities and investments called for in the Assessment Plan which was approved by the NPA. The also foresees, in addition to the formation test to be done at the mentioned well, the drilling of other wells in the area. Galp Release In a statement, Galp said, "The consortium formed by Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) - 65%, the BG Group (BRGYY.PK, BG.LN) - 25% and Galp Energia (GALP.LS) - 10% to explore block BM-S-11, in ultra deep water Santos Basin, announces that it has completed drilling the fourth well, informally known as Tupi in the NE area of the Evaluation Plan of Tupi and the result reinforces the estimated 5 to 8 billion barrels of light oil and natural gas recoverable reservoirs presale that area. Estimates have recoverable reserves from 5 to 8 billion barrels of oil was soon announced as soon as the discovery of Tupi was revealed. In recent months this has been enhanced due to new drilling carried out. Galp, which owns 10% of the consortium, says that "this well is located in water depth of 2115 meters, about 265 km off the coast of Rio de Janeiro and at a distance of 18 km northeast of the first well, Tupi" . It states that "is planned for the next few weeks the beginning of the formation tests to assess the productivity of reservoirs, and the consortium will proceed with the activities and investments proposed in the Evaluation Plan approved by the National Petroleum, Natural Gas and Biofuels and providing, in addition to the formation test to be performed in that well, the drilling of other wells in the area "

To: energyplay who wrote (57809)	11/14/2009 7:39:03 PM
From: TobagoJack	1 Recommendation Read Replies (2) \| Respond to of 217617

the one fact that we keep coming up against is the fact that usa population is growing, without taking a/c of the experimental nature of the never before tried internal dynamics highly uncertain and experiments rarely work out as expected so the odds are against working out, by definition when folks refer back to american history as a relevant factor in whatever could come next, all 233 years of it, i keep looking for another thomas jefferson, and yet i see none, and more important, i do not exactly see the system producing a thomas jefferson, for that time is long past, and the system is really more amenable to producing scores of palin and bernanke and obama and bush i am interested in the reception obama will get at the china town-hall meeting presumably populated with chinese university students, for that will be telling either way let us watch and brief the beijing authorities are nervous that obama will get the same reception as geithner earlier did, a good laugh my view on the future would dramatically change should usa do a simple and straightforward systemic default, then there would be cause for hope, else the desire for change is simply not sincere