Friday, 9 November 2007

Extra: Oil Fields Forever

When one finds one of the biggest fields of the best oil nature can provide one ends up rich, very rich: GALP Energia owner of 10% of the Brazilian fields yesterday discovered is climbing steeply again: more than 21% ate 11h00, GMT.
PSI 20 index is up by 2,42%.
The Tupi oil field will double Brazil oil production capability. With this new field it will have an oil surplus becoming an international exporter. Brazil’s reserves will most probably surpass Nigeria’s.
More here: "Galp says Tupi Sul field's estimated recoverable reserves 5-8 bln barrels".

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