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Brazil ANP says Carioca find may have 33 bln boe

Mon Apr 14, 2008 11:50am EDT

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RIO DE JANEIRO, April 14 (Reuters) - Head of Brazil's National Petroleum Agency (ANP) said on Monday an offshore find by state oil company Petrobras (PETR4.SA)(PBR.N) known as Carioca may contain 33 billion barrels of oil equivalent.

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Haroldo Lima told reporters the find would be five times larger than last year's giant subsalt Tupi discovery. He would not say whether the reserve estimate was recoverable or in-place. Petrobras last year put Tupi's recoverable reserves at between 5 billion and 8 billion barrels of oil equivalent, most of it light oil. (Reporting by Rodrigo Gaier, writing by Andrei Khalip)



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