Brazil's Petrobras (PBR) reportedly makes "one of the most significant oil discoveries" in the...

Brazil's Petrobras (PBR) reportedly makes "one of the most significant oil discoveries" in the country's offshore subsalt area, potentially as big as the Lula field which holds ~8.3B barrels of oil and natural gas. PBR's Carcara prospect has shown 400 meters - a column "among the biggest ever found in the subsalt" - of continuous and connected oil reserves with excellent porosity and permeability.

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Comments (4)
  • Aristiphones
    , contributor
    Comments (1325) | Send Message
    major food exporter as well. looks like things are setting up well for a good Olympics...
    14 Aug 2012, 08:17 AM Reply Like
  • anonymous#12
    , contributor
    Comments (545) | Send Message
    Yep, we are running out of oil.....
    14 Aug 2012, 08:20 AM Reply Like
  • coolsoupy
    , contributor
    Comments (260) | Send Message
    Still government controlled! Trust me? Not today!
    14 Aug 2012, 08:49 AM Reply Like
  • dobrdale
    , contributor
    Comments (14) | Send Message
    They have been through many trials and tribulations.
    Amazing how well they came through their MEGA
    Inflation currency wipe out of the 1980's.
    If you have not read about this episode, they moved
    Their decimal point to the left on their fiat currency
    Several times after changing the name of their currency
    3 times. Now that is inflation and not so long ago.
    14 Aug 2012, 11:39 AM Reply Like
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