Brazil committed to exploration effort
Journal Article
·
· Oil Gas Dig; ()
OSTI ID:5357481
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; (), Journal Name: Oil Gas Dig; () Vol. 3:10
- Country of Publication:
- United States
- Language:
- English
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02 PETROLEUM
020200* -- Petroleum-- Reserves
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& Exploration
020300 -- Petroleum-- Drilling & Production
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
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29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
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294002 -- Energy Planning & Policy-- Petroleum
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GASES
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
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NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS WELLS
OFFSHORE SITES
OIL WELLS
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PETROLEUM
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03 NATURAL GAS
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29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
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294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
BRAZIL
COOPERATION
DEVELOPING COUNTRIES
DRILLING
ENERGY POLICY
ENERGY SOURCES
EXPLORATION
FLUIDS
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FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INTERNATIONAL COOPERATION
LATIN AMERICA
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NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS WELLS
OFFSHORE SITES
OIL WELLS
ONSHORE SITES
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PRODUCTION
RESERVES
RESOURCES
SOUTH AMERICA
WELL DRILLING
WELLS