Brazil Strikes black gold in Santos Basin - 8 billion of barrels in seven years

Picture: Brasilia - interim Minister of Mines and Energy, Nelson Hubner , opens meeting about energy technology networks

In about seven years Brazil will be one of the largest producers of oil in the world this due to the discovery of oil field in the Santos Basin, according to the Brazilian President Luiz Inacio Lula da Silva. In his radio program Coffee with the President last 12th, Lula said it is a "blessing from God" for the country to have a company like Petrobras.

The interim Minister of Mines and Energy, Nelson Hubner, said on the 19th that he trust the technical ability of Petrobras engineers, to develop technologies for the extraction of oil in Tupi Field in the Santos Basin. The reserves are estimated at 8 billion of barrels.

"The challenges are very big" he affirmed and acknowledged that the lack and inadequate equipment for drilling in the pre-salt layer, composed of rock with two kilometers of thickness, below the blade of water will is a barrier to be will conquered.

That is why, according to the Minister, that the searches conducted in the area for many years only have resulted positive now.

So far information summarazed from Agência Brazil with permission. http://www.agenciabrasil.gov.br

You can not strike gold and feel sorry for it, can you?

Well, I tell you what... I hope this findings will bring an end to many of our social problems, in special: hunger and illiteracy. But the only thing you see around so far is President Lula day dreaming of another term in power.

I remember what Robin Williams said in one of his movies “politicians,
like diapers, need to be changed regularly, and for the same reason” I
totally agree.

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