: Brazil's state oil company said Thursday that its offshore Tupi field could hold as much as 8 billion barrels of light oil, an amount that would significantly boost the nation's crude reserves. Petroleo Brasileiro SA said the ultra-deep field off the coast of Rio de Janeiro has between 5 billion and 8 billion barrels of recoverable light oil, sending Petrobras shares soaring 10 percent in New York to a new 52-week high. "If recoverable oil and gas volumes for the pre-salt reservoirs are confirmed, they will significantly raise the quantity of existing oil in Brazilian basins," Petrobras said...
photo: ABR
