12 Feb 2010 - by PreSalt.com - Source: Agência Petrobras
Regarding news published by the press Friday (02/12) about the results of the extended well test (EWT) for Tupi, which was kicked-off in May 2009, Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) clarifies the EWT has been taking place as planned by the Company, and that its main objective is to collect technical information for the development of the pre-salt (subsalt) reservoirs.
The Company reasserts the recoverable oil volume estimations that were widely announced for Tupi, ranging from 5 to 8 billion barrels. It is only after the completion of the EWT, and after the commerciality declaration is made, that Petrobras will have more a better notion regarding the amount of platforms – and their capacities – that will be required to develop production in the area.
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