Saturday, October 30, 2010
Oil - Libra discovery offshore Brazil could contain 8 billion bbl of oil
I've seen and posted several stories of the last year or so about discoveries of oil, coal, and natural gas reserves, that would seem to diffuse any idea that we are soon to run out of energy supplies...
Recently, WorldOil.com reported this:
"The Petrobras Libra Field discovery offshore Brazil in the Santos Basin's prolific pre-salt play has been estimated to contain approximately 8 billion bbl of oil.
Marco Antonio Almeida, Brazil's secretary of oil and gas at the Ministry of Mines and Energy, said yesterday that the Libra Field was independently appraised by Gaffney & Cline at 7.9 billion bbl - considerably more than the previous estimate of 5.5 billion bbl first reported by Haroldo Lima, director general of the government's Agencia Nacional do Petroleo (ANP), and making the field rival the 5-8 billion bbl Tupi Field and become second largest discovery in ten years after Kazakhstan's 17.2 billion bbl Kashagan Field."
