New discoveries improve oil prospects in Brazil. Part 1

Journal Article · Sat Jan 01 04:00:00 EST 1966 · World Oil; (United States)

OSTI ID:6666654

Rassmuss, J E

The petroleum situation in Brazil has become much more favorable than in the past politically, economically and geologically. The monetary exchange rate is low, but has been stable for many months and inflation has been halted. Petroleo Brasileiro (Petrobras), the government oil monopoly, is now operating more efficiently and successfully. It has been active in exploration, and lately has made a number of significant discoveries of new oil fields. Especially important is the new Carmopolis Field, located in the Sergipe basin, about 12 miles from the Atlantic coast. Another significant oil discovery has been made in the Barreirinhas basin, in a deep Cretaceous graben on the coast of Maranhao, northern Brazil. Development drilling continues in the established fields of the Reconcavo basin. Production of 92,619 bbl per day in the first half of 1965 was somewhat larger than in the like period of 1964. A further increase is anticipated, as secondary recovery by seawater injection on a large scale is planned.

• OSTI ID: 6666654
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 162:1; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
BRAZIL
DEVELOPING COUNTRIES
DRILLING
ENERGY SOURCES
ENGINEERING
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GEOLOGY
INDUSTRY
LATIN AMERICA
MINERAL RESOURCES
OIL FIELDS
OIL WELLS
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
RESERVOIR ENGINEERING
RESOURCES
SOUTH AMERICA
STIMULATION
WELL DRILLING
WELL STIMULATION
WELLS