Thursday, August 27, 2009

A recovery in Nigeria and a duster in Brazil

Nigeria says oil output up 29%
"Security - Nigerian oil production has risen 29 per cent to 1.7 million barrels a day from 1.2 million earlier following an improvement in security in the oil-producing Niger Delta, Petroleum Minister Rilwanu Lukman said."..

Petrobras bites dust in pre-salt
After almost three years of back-to-back oil discoveries in the Santos basin pre-salt play, Brazilian giant Petrobras has drilled a duster in the much-touted exploration fairway.

Petrobras drilled the wildcat to a total depth of 6375 metres in ultra-deep water Block BM-S-17 in mid-August and no discovery notice was filed, a well-placed source at the country’s National Petroleum Agency (ANP) told Upstreamonline, speaking in condition of anonymity.

The block is 100%-owned by Petrobras.

“The BM-S-17 prospect was a dry hole. That’s the evaluation inside the ANP,” said the source, adding the block is located a few kilometres south-west of BM-S-22, which is in the heart of the giant Sugarloaf pre-salt structure...


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