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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: Quote, Profile, Research, Stock Buzz)(PBR.N: Quote, Profile, Research, Stock Buzz) known as Carioca may contain 33 billion barrels of oil equivalent.

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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