Brazil oilfield may house '100bn barrels'
By Jonathan Wheatley in São Paulo
Published: November 7 2008
Brazil's newly discovered "pre-salt" oilfields may contain more than
100bn barrels, Haroldo Lima, head of the industry regulatory, said on
Friday.
Mr Lima said just the pre-salt oilfields already under concession may
contain between 50bn and 80bn barrels and that the total area could
surpass 100bn barrels.
If so, the new fields would propel Brazil up the world league table of
oil producing nations. Brazil currently has reserves of about 12.6bn