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BG revises upwards resource estimates off Brazil

11/08/2010
BG Group raised its estimate of economically recoverable gross resources by 2.7 billion boe for Tupi, Iracema, and Guara fields in the Santos basin, off Brazil. Its new estimate is 10.8 billion boe compared with 8.1 billion boe previously.The company's current best estimate is 7.34 billion boe for Tupi, 1.65 billion boe for Iracema, and 1.76 billion boe for Guara.BG defines resources as the aggregate of proved and probable reserves and discovered resources.The company said it based its latest analysis on new and more sophisticated reservoir models that have assimilated and interpreted substantial amounts of information (much of it new and gathered over the last year) including:• 3,20...
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