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Biggest Oil Find in 30 years!

April 21, 2008

 

 

Brazil Oil Find Biggest in 30 Years

Brazil’s state-owned oil company Petrobras claimed on Monday that its recent offshore find may be the biggest in three decades.

The news did not ease tensions on commodity markets, where crude Brent topped $110 for the first time.

RIO DE JANEIRO - An offshore find by Brazilian state oil company Petrobras in partnership with BG Group and Repsol-YPF may be the world’s biggest discovery in 30 years, the head of the National Petroleum Agency said on Monday.

Haroldo Lima told reporters the find, known as Carioca, could contain 33 billion barrels of oil equivalent, five times the recent giant Tupi discovery. That would further boost Brazil’s prospects as an important world oil province and the source of new crude in the Americas.

Shares in Petrobras, which said studies on the find continued and would not comment on the figure, soared on the news. They were trading 5.7 percent higher at 83 reais in the late afternoon, after retreating somewhat from gains of more than 7 percent.

“It could be the world’s biggest discovery in the past 30 years, and the world’s third-biggest currently active field,” Lima, head of the government’s oil and fuel market regulator, told reporters at an industry event in Rio de Janeiro.

He would not say whether the preliminary reserve estimate was recoverable or in-place. Recoverable reserves can constitute less than a third of in-place reserves.

Last year Petrobras put Tupi’s recoverable reserves at between 5 billion and 8 billion barrels of oil equivalent, most of it light oil.

Lima said his data came from Petrobras at an informal level.

Petrobras tested one well at Carioca last year and is still drilling another. The company made the Tupi recoverable reserve estimate based on tests from two wells.

Petrobras said in a statement the second well had not yet reached the subsalt level and “more conclusive data on the potential of the block will be known after the evaluation process is finished.”

FIND COULD BE ‘REALLY HUGE’

Analysts said the estimate was probably still very preliminary, although it did not contrast with some geologists’ forecasts made in the past.

“It’s a very relevant number, basically triples the reserves. But it still seems a little premature to have a precise number while they are drilling a second well,” said Felipe Cunha, an analyst with Brascan bank in Rio de Janeiro.

The Carioca area lies west of Tupi in the prolific Santos basin, off the coast of Sao Paulo state. BG has a 30 percent stake in the project and Repsol 25 percent.

“It’s subsalt, and we knew there were big expectations for the subsalt cluster in addition to Tupi. But, if this is confirmed, it’s really huge,” said Sophie Aldebert, associate director with Cambridge Energy Research Association in Brazil.

“With that size, you’d have plenty of gains of scale that could easily offset the subsalt geological challenges,” she added. The challenges include shifting salt clusters that require reinforced piping and producing in deep waters from huge depths under the ocean floor.

Geologists had long voiced the theory that Tupi could have an even bigger neighbor containing light oil or natural gas. If the reserves are confirmed, Brazil could jump into the top 10 oil countries by reserves, surpassing nations like Nigeria.

Petrobras also has said previously it sees good prospects for major oil finds in the subsalt areas in the Campos and Espirito Santo basins north of Santos, but it is focusing mainly on Santos at the moment.

Most of Petrobras crude comes from heavy-oil Campos basin fields, but recent subsalt discoveries could make Brazil a major producer of higher quality oil.

The company expects to start an extended production test at Tupi early next year and then crank up a 100,000 barrels per day pilot project there in late 2010 or early 2011. Analysts say, however, the costly subsalt development can take more time than Petrobras expects.

Hotels - Brasilia

April 21, 2008

Hotels in the city of Brasilia

This page is divided in 4 sections:
A) Hotels located in Northern Hotel Sector;
B) Hotels located in Southern Hotel Sector;
C) Hotels not in the downtown area;
D) Hotels in satellite cities.

A

Brasilia: Northern Hotel Sector seen from the TV Tower
Northern Hotel Sector seen from the TV Tower

Below are Hotels in ‘A’ the Northern Hotel Sector.

Brasilia was a planned city only built in the 1960’s so this is why the layout of the city is so unformed and organised.

Number
Hotel
Phone Number *
Fax
1
Mercure Brasília Apartments Líder

3426-4000
0800-703-7000

3425-2401
(a) (see notes) Mercure Eixo Monumental

3424-2000
0800-703-7000

3424-2001
2
Aracoara Hotel
3328-9222
0800-61-4881
3328-9067
3 Sonesta Brasilia 3424-2500  
(b) (see notes) Comfort Suites Brasilia 3424-6000 3424-6001
4
Eron Brasília Hotel
2195-4118
0800-610999
2195-4200
5
Torre Palace Hotel
3961-5555 3961-5554
6

Garvey Park Hotel

3329-8400 3326-4170
7
Metropolitan Flat

3961-3500

-

8
Kubitschek Plaza
3329-3333

-

9
Monumental Bittar Hotel
3328-4144 3328-4144
10
Hotel Casablanca
3328-8586 3328-8273

(c) (see notes)

Manhattan Plaza
3319-3060  
(d) (see notes)
Plaza Bittar Hotel
3328-7077 3328-7077
(d) (see notes)

Mirage Hotel

3328-7150 3328-7150
(d) (see notes)
El Pilar Hotel
3328-5915 3328-9088
(d) (see notes)
Byblos Hotel
3326-1570 3326-3615
(d) (see notes)
Aristus Hotel
3328-8675 3326-5415
(d) (see notes)
Hotel Diplomat
3204-2010 3204-2010
Notes:
(a) Mercure Eixo Monumental is behind the hotel marked with number 1.
(b) Comfort Suites is behind the hotel marked with number 3.
(c) Manhattan Plaza is behind the hotel marked with number 8.
(d) These hotels are small 2 or 3-story buildings, which, in the picture, are just behind the buildings marked with numbers 4, 5, 9 and 10.

B

BRASILIA:  Southern Hotel Sector seen from the TV Tower
Southern Hotel Sector seen from the TV Tower

Number
Hotel
Phone Number *
Fax
1
St. Paul Park Hotel
2102-8400 3224-3935
2
Bonaparte Bluepoint Suítes
2104-6600
0800-701-9990
2104-6656
3

Alvorada Hotel

2195-1122 2195-1199
4

Hotel das Américas

3034-3355 3035-4003
5
Grand Bittar Hotel
3218-5858 3218-5757
6
Bristol Hotel
3962-6162  
7

Hotel das Nações

3322-8050 3225-7722
8
Carlton Hotel
3224-8819 3226-8109
9
Naoum Plaza
3322-4545
0800-61-4844
3322-4949
10
San Marco Hotel
2103-8484
0800-61-8484
2103-8400
11

St. Peter Hotel

3217-2700 3224-7958
12
Econotel
3204-7337 3204-7337
(a)
Hotel Nacional
3321-7575
0800-644-7070
3223-9213
(b)
Riviera Hotel
3213-1880 3323-5415
(c)
Phenícia Bittar Hotel
3321-4342 3225-1406
(c)

Meliá Confort Park

3218-4700
0800-703-3399
3218-4701

Notes: (a) this hotel is behind the one marked with number 11; (b) this is a small 2-story building, which, in the picture, is just between the buildings marked with numbers 2 and 3; (c) these hotels do not appear in the picture: they are just at the right of the hotel number 9.

C
(located in “Pilot Plan” area, but not downtown - no pictures available for this section)

Number

Hotel
Phone Number *
Fax
- Mansoori Apart-Hotel 3347-9838 3347-9838
-

Academia de Tênis Resort

3316-6161 3316-6455
-
Blue Tree Towers
3429-8000 3429-8001
-

Lake Side

3035-1100
3035-2144
-
Brasilia Youth Hostel
3323-6538
-

D
(located in satellite towns of Brasilia)

Satellite City Hotel Phone Number * Fax
Núcleo Bandeirante Max Hotel 3552-1200 3552-1200
Núcleo Bandeirante Laguna Plaza Hotel 3386-3101
0800-644-2522
3386-3101
Sobradinho Alvimar Hotel 3591-3040 3591-3040

Taguatinga

Comfort Inn Taguatinga

2191-1700  

Taguatinga

Comfort Hotel & Suítes Taguatinga

2191-2700  
Taguatinga Kingstown Hotel 2107-0202 3352-6100

Courtesy: www.Geocities.com

Brasilia Airport

April 20, 2008

Full Airport Name

Brasilia International Airport - Presidente Juscelino Kubitschek

Address

Brasilia (DF), Brazil

Read more

Brasilia’s Climate

April 20, 2008

Brazil is mainly tropical , however Brasilia’s weather tends to be dry and pleasant, largely due to it being on the Brazilian central plateau.

There are few extremes in temperature or weather conditions , making it a good destination to visit year-round.

Summer can get hot, but is to be expected. Read more

Brasilia in the Making

April 20, 2008

President Juscelino Kubitschek ordered the construction of Brasilia, fulfilling an article of the country’s constitution stating that the capital should be moved from Rio de Janeiro to a place close to the center of the country in 1956.

Lúcio Costa won a contest and was the main urban planner. Oscar Niemeyer, a close friend of Lúcio Read more

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