Filling Up the Future; Brazil's Oil Boom  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8758 (Nov. 2011), page 78-80.
Topik: Projects; Deepwater Exploration & Production; Petroleum Industry; Offshore Oil Exploration & Development; Statistical Data; Oil Fields; Deepwater Drilling; Geographic Profiles

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The deep Cretaceous salts which trap oil in rocks off Brazil's coast are "strong evidence", in the words of President Dilma Rousseff, "that God is Brazilian." The pre-sal ("below the salt") oilfields look set to generate wealth on a scale that could transform Brazil's economy. Conservative estimates for the total recoverable pre-sal oil now come in at 50 billion barrels: a little less than everything in the North Sea, all in the waters of one country. Optimists expect three times as much. By 2020 Petrobras expects to be pumping 4.9m barrels each day from Brazilian fields, 40% from the pre-sal, and exporting 1.5m: at the moment the country falls a little short of self-sufficiency. Today Brazil is the world's 11th-largest oil producer. By 2020 it should be in the top five. The possible missteps, though, are legion. Huge, technically challenging projects tend to run late and over budget everywhere. It is an extraordinary technical challenge, and not just because of the depth, and thus the pressure, at which the drills must operate. Perhaps the biggest challenge for Petrobras will come from the strict local-content requirements the government is imposing on pre-sal projects.

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