Petrobras CEO optimistic on Santos basin, output
The CEO of Brazilian state oil company Petrobras said he was optimistic about new oil discoveries in the Santos basin, although it is too early to give estimates.
“We are going to increase our production to reach 2.8 million barrels per day in Brazil by 2015, without considering the new production from the Tupi area,” he added.
He repeated that Tupi field had “something between 5-8 billion barrels of recoverable oil.” (Reuters)
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