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Petrobras to start Tupi oil development by 2011

12/17/2007
Petroleo Brasileiro SA’s development plans for ultradeepwater Tupi oil field off Rio de Janeiro state include a 100,000 b/d early production system to be built by 2010-11, said company Pres. and Chief Executive Jose Sergio Gabrielli De Azevedo Nov. 13 at the World Energy Congress in Rome.The company expects full development of the Santos basin field to begin by 2012 once the company collects required initial data.Following completion of its 1-RJS-646 (3-BRSA-496-RJS) confirmation well in the field, Petrobras announced possible volumes of recoverable 30° gravity oil from Tupi to be 5-8 billion bbl. If Petrobras’s estimates prove out, Tupi would belong in a category with sup...
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