Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:41 PM

GasBuddy News Article

66
votes
Statoil Confirms High-impact Discovery Offshore Brazil

Dow Jones Newswires --
Norwegian oil company Statoil ASA (STO) confirmed Monday it has made a high-impact discovery offshore Brazil, together with operator Repsol Sinopec and partner Petrobras (PBR).

The discovery was made in the Pao de Acucar prospect, about 195 kilometers offshore Rio de Janeiro State at a water depth of 2,800 meters.

A test flowed 5,000 barrels a day of light oil and 28.5 million cubic feet a day of natural gas.

This is the third discovery in the BM-C-33 block, and "confirms the area's high potential," Statoil said in a statement.

Repsol Sinopec is the operator of the exploration consortium with a 35% stake. Statoil holds a share of 35% and Petrobras holds 30%. Repsol Sinopec is a alliance between Spain's Repsol YPF SA (REP.MC) and China's Sinopec (SHI).


Read the Full Article

Submitted Feb 28, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Statoil Confirms High-impact Discovery Offshore Brazil Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,479
Points:1,947,740
Joined:Nov 2008
Message Posted: Mar 2, 2012 4:57:28 AM

tomok: it does not change the price at the pump. No matter how much you drill.
Profile Pic
tomok
Champion Author Portland

Posts:40,020
Points:2,683,385
Joined:Aug 2006
Message Posted: Mar 1, 2012 3:22:00 AM

Statoil Confirms High-impact Discovery Offshore Brazil, more oil for the world. Get that oil out of the ground and to market.
The price of fuel at the pump is too high!
12/22/2012!
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:8,699
Points:1,958,990
Joined:Jun 2008
Message Posted: Feb 29, 2012 9:18:08 PM

Seriously deep drilling
Profile Pic
pse91
All-Star Author Calgary

Posts:641
Points:806,645
Joined:May 2011
Message Posted: Feb 29, 2012 1:04:09 PM

Welcome to increasing the total world energy stock pile.
Profile Pic
remay
Champion Author Houston

Posts:8,472
Points:2,447,540
Joined:May 2006
Message Posted: Feb 29, 2012 7:36:20 AM

good for them.
Profile Pic
numbers
Champion Author North Dakota

Posts:2,801
Points:850,340
Joined:Aug 2004
Message Posted: Feb 29, 2012 6:15:39 AM

Good
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:805,940
Joined:Mar 2006
Message Posted: Feb 28, 2012 11:38:53 PM

Good for them, maybe some will come our way
Profile Pic
southrob
Champion Author Tucson

Posts:5,272
Points:1,017,950
Joined:Mar 2011
Message Posted: Feb 28, 2012 11:06:34 PM

there is a high impact discorevery in montana several years ago lets get it
Profile Pic
Alaydown
Champion Author Los Angeles

Posts:6,631
Points:1,083,080
Joined:May 2007
Message Posted: Feb 28, 2012 11:05:21 PM

Unfortunately we cannot drill off of most of our coastline.
Profile Pic
dmgas1
Sophomore Author Philadelphia

Posts:122
Points:84,715
Joined:May 2011
Message Posted: Feb 28, 2012 11:01:59 PM

So, that does what for the price of oil
Profile Pic
ShutRBug
Champion Author Ontario

Posts:1,594
Points:750,265
Joined:Jun 2005
Message Posted: Feb 28, 2012 11:01:10 PM

More oil. But prices will still climb.
Profile Pic
ghmortensen
Champion Author Minnesota

Posts:2,382
Points:1,920,465
Joined:Jan 2007
Message Posted: Feb 28, 2012 10:59:36 PM

DRILL - DRILL - DRILL
Profile Pic
Blue48
Champion Author Illinois

Posts:8,991
Points:1,975,370
Joined:Feb 2007
Message Posted: Feb 28, 2012 10:55:08 PM

GOOD NEWS FOR SOMEBODY!
Profile Pic
kuma2000
Champion Author Honolulu

Posts:4,930
Points:1,012,025
Joined:Jun 2011
Message Posted: Feb 28, 2012 10:54:19 PM

what about the u.s.
Profile Pic
jessek
Champion Author Detroit

Posts:2,657
Points:1,280,490
Joined:Sep 2008
Message Posted: Feb 28, 2012 10:54:09 PM

More oil found, who would of thunk it.
Profile Pic
BooHooMI
Champion Author Michigan

Posts:1,556
Points:344,610
Joined:Sep 2010
Message Posted: Feb 28, 2012 10:53:51 PM

yeah
Profile Pic
stopforgas
Champion Author Mississippi

Posts:1,889
Points:721,405
Joined:Jun 2011
Message Posted: Feb 28, 2012 10:50:22 PM

I guess the republicanoilconglomerates will find a way to make billions off of it and gouge the US consumer again.
Profile Pic
CaptDave2012
All-Star Author Arkansas

Posts:695
Points:24,735
Joined:Feb 2012
Message Posted: Feb 28, 2012 10:49:38 PM

More nat gas. When are we going to begin retrofitting our domestic fleet to nat gas? When? Maybe IF is the better answer. The transition must begin someday. Really.
Profile Pic
B_550i
All-Star Author Seattle

Posts:720
Points:215,645
Joined:Aug 2011
Message Posted: Feb 28, 2012 10:46:39 PM

K
Profile Pic
mstearno
Champion Author Dayton

Posts:9,297
Points:2,036,685
Joined:Jan 2008
Message Posted: Feb 28, 2012 10:46:38 PM

lucky they don't have NOBAMA
Profile Pic
OGW
Champion Author London

Posts:6,785
Points:1,842,340
Joined:Sep 2005
Message Posted: Feb 28, 2012 10:46:26 PM

As more world oil reserves are revealed they can cause a lowering of world prices as more supply sources are available.
Profile Pic
vtroger
Veteran Author Vermont

Posts:284
Points:818,470
Joined:Mar 2011
Message Posted: Feb 28, 2012 10:46:21 PM

Do we really need to find more places to drill?
Profile Pic
RAKARWOWSKI
Champion Author Chicago

Posts:5,671
Points:1,157,425
Joined:Jan 2011
Message Posted: Feb 28, 2012 10:44:06 PM

Good for Brazil.
Profile Pic
Ray_10589
Champion Author New York

Posts:6,527
Points:1,510,470
Joined:May 2009
Message Posted: Feb 28, 2012 10:39:11 PM

Will it lower the price at the pump?
Profile Pic
cateyes8264
Champion Author Tennessee

Posts:3,332
Points:772,940
Joined:Jul 2011
Message Posted: Feb 28, 2012 10:36:07 PM

does us no good
Profile Pic
TustinDad
Champion Author Orange County

Posts:4,996
Points:968,245
Joined:Feb 2008
Message Posted: Feb 28, 2012 10:31:55 PM

toadNY wrote: "Didn't Bush give them 2 Billion US tax Payers money?"

It wasn't Bush, it was the Ex-Im Bank and it was not a gift, it was a loan.
Profile Pic
carefrey
Champion Author Orlando

Posts:7,102
Points:1,478,880
Joined:Sep 2009
Message Posted: Feb 28, 2012 10:25:02 PM

Lets rock and roll!
Profile Pic
tippybuddy
Champion Author Ontario

Posts:1,523
Points:207,740
Joined:Feb 2011
Message Posted: Feb 28, 2012 10:21:57 PM

Drill if it's going to help prices come down...anything that will help...
Profile Pic
RADIOCANADA499
Champion Author Ontario

Posts:4,035
Points:1,114,805
Joined:Aug 2005
Message Posted: Feb 28, 2012 10:19:12 PM

good for them
Profile Pic
BCM1
Champion Author Pennsylvania

Posts:1,939
Points:884,170
Joined:Jun 2007
Message Posted: Feb 28, 2012 10:18:33 PM

Drill here! Drill now!
Profile Pic
Ethan777OH
Veteran Author Ohio

Posts:270
Points:25,720
Joined:May 2011
Message Posted: Feb 28, 2012 10:18:21 PM

ok
Profile Pic
Ethan777OH
Veteran Author Ohio

Posts:270
Points:25,720
Joined:May 2011
Message Posted: Feb 28, 2012 10:18:09 PM

Here we go again..
Profile Pic
Kmankeith
All-Star Author Rhode Island

Posts:619
Points:606,005
Joined:Sep 2011
Message Posted: Feb 28, 2012 10:15:29 PM

another big discovery any the price at the pump continues to rise
Profile Pic
mrreferee
Champion Author Savannah

Posts:2,052
Points:850,905
Joined:Jun 2011
Message Posted: Feb 28, 2012 10:12:44 PM

I love a gas related story that mebtions PBR!!
Profile Pic
BlueVanGroup
Champion Author Fort Collins

Posts:9,200
Points:1,863,245
Joined:May 2008
Message Posted: Feb 28, 2012 10:12:43 PM

Since the rigs weren't needed in the Gulf of Mexico, they went to Brazil.
Profile Pic
Thomtec
Champion Author Nashville

Posts:4,136
Points:944,895
Joined:May 2011
Message Posted: Feb 28, 2012 10:12:16 PM

OK
Profile Pic
tidalwave3
Champion Author Tallahassee

Posts:2,096
Points:1,774,690
Joined:Jun 2008
Message Posted: Feb 28, 2012 10:12:08 PM

Is this Nobama's oil that he sent rigs from Louisiana?
Profile Pic
REKEY
Champion Author South Carolina

Posts:10,234
Points:2,032,025
Joined:May 2008
Message Posted: Feb 28, 2012 10:03:40 PM

Oil is oil! Bet they charge the same as everyone else.
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:4,755
Points:1,148,980
Joined:Sep 2009
Message Posted: Feb 28, 2012 9:55:50 PM

i guess not everyone wants to pay the middle east...hopefully it helps...hopefully
Profile Pic
BKool
Champion Author Michigan

Posts:5,665
Points:2,017,620
Joined:Aug 2005
Message Posted: Feb 28, 2012 9:53:16 PM

Good for them, although I'm still steamed about Washington handing them our money.
Profile Pic
iamforiu
Champion Author Indiana

Posts:5,268
Points:1,048,190
Joined:May 2011
Message Posted: Feb 28, 2012 9:53:04 PM

ok
Profile Pic
OCTAPA
All-Star Author Toronto

Posts:506
Points:719,800
Joined:May 2011
Message Posted: Feb 28, 2012 9:52:11 PM

OMG
Profile Pic
Asbury09
Champion Author Iowa

Posts:8,898
Points:1,868,180
Joined:Jan 2009
Message Posted: Feb 28, 2012 9:51:06 PM

good for brazil
Profile Pic
carman11
Champion Author North Carolina

Posts:5,065
Points:1,029,600
Joined:Jun 2011
Message Posted: Feb 28, 2012 9:46:19 PM

OK
Profile Pic
VetteFan
Champion Author Indiana

Posts:11,316
Points:2,340,085
Joined:Aug 2005
Message Posted: Feb 28, 2012 9:45:43 PM

That is almost an insignificant amount of oil based on worldwide consumption.
Profile Pic
reidlej
Champion Author Columbus

Posts:1,563
Points:931,400
Joined:Jul 2011
Message Posted: Feb 28, 2012 9:43:39 PM

YEA!
Profile Pic
nwsynthetics
Champion Author Oregon

Posts:1,108
Points:440,810
Joined:Dec 2011
Message Posted: Feb 28, 2012 9:41:30 PM

good on discovery. Now get drilling
Profile Pic
AKmailman
Champion Author Alaska

Posts:7,319
Points:1,890,320
Joined:Jul 2004
Message Posted: Feb 28, 2012 9:38:32 PM

discovery and production are two different things
Profile Pic
mgune9
All-Star Author Dallas

Posts:914
Points:200,395
Joined:Feb 2012
Message Posted: Feb 28, 2012 9:36:58 PM

i suppose our administration helped these folks drill off-shore there also?
Profile Pic
GryphonX
Champion Author Nevada

Posts:6,681
Points:1,851,375
Joined:Nov 2007
Message Posted: Feb 28, 2012 9:35:46 PM

Seems like there's a lot more oil out there than we thought ...

I wonder if we'll need to revise the peak oil date ...?
Post a reply Back to Topics