Brazil committed to exploration effort

Journal Article · Thu Oct 15 00:00:00 EDT 1981 · Oil Gas Dig; ()

OSTI ID:5357481

Hawkins, D

Brazil plans to spend more than $1 billion in exploration and production and to drill almost 3.3 million ft by the end of 1981. With sedimentary basins covering over 1.2 million sq miles on shore and almost 309,000 sq miles off shore and a rich history in other natural resources, Brazil would seem to be a prime source of hydrocarbons. Brazil's oil reserves at the end of 1980 have been estimated at 1.3 billion bbl, including 20.7 million bbl of LNG (an increase of 5.9% over the 1979 estimate). Natural gas reserves at year end 1980 reached an estimated 1.855 TCF (a 16.6% increase over 1979). Oil production by Petrobras in 1980 came to 66,435,000 bbl of oil from onshore and offshore fields; natural gas production increased to 77.8 billion cu ft. Seventy-nine rigs were used to drill more than 2.6 million ft, resulting in 462 completed wells. Risk contractors made an additional 170,600 ft of hole for 11 wells. Petrobras now is being more selective with its own exploration efforts and encouraging foreign oil companies to participate.

• OSTI ID: 5357481
• Journal Information: Oil Gas Dig; (), Vol. 3:10
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
BRAZIL
ENERGY POLICY
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
NATURAL GAS
PRODUCTION
EXPLORATION
PETROLEUM
INTERNATIONAL COOPERATION
NATURAL GAS WELLS
OFFSHORE SITES
OIL WELLS
ONSHORE SITES
RESERVES
WELL DRILLING
COOPERATION
DEVELOPING COUNTRIES
DRILLING
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
LATIN AMERICA
MINERAL RESOURCES
RESOURCES
SOUTH AMERICA
WELLS
020200* - Petroleum- Reserves
Geology
& Exploration
020300 - Petroleum- Drilling & Production
030200 - Natural Gas- Reserves
Geology
& Exploration
030300 - Natural Gas- Drilling
Production
& Processing
294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation