Petrobras says further tests confirm Tupi reserves

Thu Nov 12, 2009 9:57pm GMT
 
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SAO PAULO, Nov 12 (Reuters) - Petrobras (PETR4.SA)(PBR.N), Brazil's state-controlled oil company, said on Thursday that further tests reinforced evidence that between 5 billion and 8 billion barrels of recoverable oil and natural gas reserves lie in the Tupi subsalt field.

Tupi is the largest discovery of oil in the Americas since the mid-1970s. (Reporting by Inae Riveras and Guillermo Parra-Bernal)

 

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