Petrobras Explains Carioca Remarks
The energy world sat up and took notice earlier this month when the head of Brazil’s National Petroleum Agency said a new offshore find could hold an incredible 33 billion barrels of oil equivalent.
Haroldo Lima caught a lot of criticism for that from state-run Petrobras, which said it had not yet quantified reserves in that area. Now Petrobras Chief Executive Sergio Gabrielli tells the Financial Times that Lima’s statement referred to a wide offshore region, not just the Carioca block. Petrobras said last September it found oil in that particular block but didn’t say how much.
Petrobras is drilling another well in Carioca, and Gabrielli says the company should have a better idea of what’s down there in two or three months.
