Brazil - Proven oil reserves grew 10.8% in 2010 compared to 2009, and natural gas 15.4%

abarrelfull wrote on 17 Feb 2011 06:18
Tags: brazil reserves

Latest News

• Want a weekly review of refining news?

• This Week in Refining
• RSS Feed

The proven oil reserves in Brazil grew 10.8% from 2009 to 2010, the highest percentage recorded since 2002, when there was an increase of 15.4% over the previous year. Total reserves, which include proven, the probable and possible, jumped 34.7% over the same period, the largest growth since 2000. The Brazilian reserves for 2010 are available on the NPA in the area of Oil and Derivatives> Development and Production.

In natural gas proved reserves have increased from 15.4% in the comparison between 2009 and 2010, only to rise higher by 32.9% in 2004 compared to 2003. In total reserves of natural gas in the same period, the increase was 37.4%, the highest since 2004, when the increase was 41.7% compared to the previous year.

Data for 2010 include reserves for the pre-salt Santos Basin (former exploration areas and Iracema Tupi in Block BM-S-11), discoveries in the fields of Barracuda, Caratinga, Marlin, Marlin and Pampo East Basin fields, and projects to increase oil recovery fields Albacora Leste Maromba, Marimbá, Marlin Sul, Roncador and Marlin Leste in the Campos Basin and the granting of East Urucu in the Solimões Basin.

• Brazil - Proven oil reserves grew 10.8% in 2010 compared to 2009, and natural gas 15.4%

---