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PBR: Petrobras Development Plan for Tupi

The Oil & Gas Journal (12/17/07) reported that PBR intends to develop the giant Tupi field as follows:

1.  100,000 b/d early production system in place by 2011.

2.  5 - 8 billion barrels recoverable oil estimated.

3. It will take 2 years to create a Tupi development plan. The company is in the process of securing and building rigs now.  Tupi development costs are not included in PBR’s $112.4 B capital budget for 2008 - 2012.

4. Brazil aspired to produce 4.5 mb/d by 2015 with Tupi providing 2.2  mb/d.

5. Brazilian consumption is running 1.8 - 1.9 mb/d.  At 5%/yr growth, consumption will be 2.5 mb/d in 2015.

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This entry was posted on Wednesday, December 19th, 2007 at 10:45 pm and is filed under Brazil, PetroBras (PBR), oil supply. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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