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Brazil oil prospect Libra has up to 42 bln barrels of oil -ANP
May 23, 2013 / 3:41 PM / 5 years ago

Brazil oil prospect Libra has up to 42 bln barrels of oil -ANP

RIO DE JANEIRO, May 23 (Reuters) - Brazil’s Libra prospect in the subsalt area that will be auctioned in the second half of October has between 26 billion and 42 billion barrels of in-place oil, Magda Chambriard, director of the ANP oil agency said on Thursday.

“This is really different; it’s very big,” she said of a column of oil in the prospect thought to be 326 meters deep.

Recoverable oil in the prospect could be 8 billion to 12 billion barrels, which would make it the biggest discovery in Brazil, Chambriard said.

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