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Monday, June 16, 2008

The Brazilians must have been reading Luke 11:9

Luke 11:9 And I say unto you, Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you.

Knock, knock:
BG, Petrobras Find More Oil in Brazil's Santos Basin
BG Group Plc, the U.K.'s third-largest oil and gas company, and Petroleo Brasileiro SA made a second discovery in Brazil's Santos Basin.

The Guara exploration well struck oil in the BM-S-9 concession area, according to the partners, which also include Repsol YPF SA. That's in the same block as the Carioca discovery in September, which Brazil's petroleum regulator said may contain as many as 33 billion barrels of oil.
Guara and Carioca are ultra-deep wells beneath a salt layer under the seabed known as pre-salt fields. These fields lie below as much as 10,000 meters (33,000 feet) of ocean and seabed, forming a new province of Brazilian oil reserves beneath shallower existing fields.

Tupi Field

BG and Rio de Janeiro-based Petrobras are also exploring the Tupi field in the Santos Basin. Tupi, the biggest discovery in the Americas since 1976, and the nearby fields may cost $240 billion to exploit, according to estimates from Peter Wells, director of U.K. research firm Neftex Petroleum Consultants Ltd. and a former Royal Dutch Shell Plc exploration manager.
Or, as IBD put it,
Amazing what you find if you just keep looking out there. Why can't the U.S. Drill Like Brazil?
Why? Because of Congress.

And let's not forget that Brazil will soon be drilling off the coast of Florida, too.

Welcome, Instapundit readers. For more items on Latin America, please visit this Monday Carnival.

Follow-up post
Why Brazil Isn't Ashamed to Exploit Its Oil

Others blogging on this
The Discerning Texan
Ace O'Spades
Gateway Pundit
Transterrestial Musings


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At 9:48 PM, Anonymous thoughtful card sender said...

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At 9:59 PM, Blogger Camp Runamok said...

Lessee, Saudi Arabia announces an additional 1/2 mbpd boost in their oil output. Now Petrobras announces that their newest fields may hold 10x more oil than they initially believed. I suspect that these announcements are real in-and-of themselves. Still, I also get the feeling that some big producers want to puncture the current oil rally as soon as possible before demand destruction becomes permanent.

At 10:39 PM, Anonymous Anonymous said...

How did dead dinosaurs wind up 33000' under the surface?

At 10:56 PM, Anonymous Anonymous said...

"How did dead dinosaurs wind up 33000' under the surface?"

I dunno. But if we knew, maybe it would shed light on how Vince Foster shot himself in the head a few times and dragged himself across Fort Marcy Park.

(Just kidding. Take it easy.)

At 11:07 PM, Anonymous Anonymous said...

The OIL is dead dinosaurs theory is dead as a dinosaur. One of Saturn's moons is cover with seas of OIL. Those dinosaurs really got around.
Here is a better theory. OIL is created by the heat and pressure of the Earth's crust sliding over the mantel. It is a natural lubricant.
That would explain why some of the 'empty' OIL fields are re-filling.
AS far as Foster dragging his self around with two bullet holes inhis head, he had to work with Hill-de-beast on a daily basis, which made him one tough SOB.
If you go back thru the Clintonista history, it's amazing how many of their enemies committed suicide with multiple gunshot wounds.

At 1:02 AM, Anonymous sf said...

Since no one has said it yet, Congratulations to our Brazilian friends on your great discovery. May you enjoy the prosperity and jobs the oil will bring, and use the immense income wisely.

At 1:09 AM, Anonymous Anonymous said...

Let's not forget that he (Foster) had no gravel in the soles of his shoes, had powder burns on the palms of both hands, no exit wound in his head, yet no bullet found, and the caliber of the gun was inconsistent with the size of the wound.

And let's not forget, Linda Tripp was his secretary.

At 1:30 AM, Anonymous Anonymous said...

The world is flooded with oil. Shortages are artificial.

At 8:08 AM, Anonymous Anonymous said...

An amazing number of their friends likewise "committed suicide".

I know a number of exploratory wells that were abandoned because the drillers hit salt water. This is getting interesting.

Phillep Harding


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