Brazil's Petrobras confirms light crude discovery

  • Business Premium
  • Thursday, 11 Sep 2008

SAO PAULO (AP) - Brazil's state-run oil company said Wednesday an offshore field is expected to yield the equivalent of 3 billion to 4 billion barrels of recoverable light crude and natural gas, adding to recent promising reserves the country has discovered.

The field is part of the same block where Petrobras last year uncovered the ultra-deep Tupi field, which it said could contain 8 billion barrels of recoverable light crude.

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