Brazil’s Libra Field May Rival 8 Billion-Barrel Tupi
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Brazil’s deepwater Libra field may hold as much as 8 billion barrels of oil, rivaling nearby Tupi as the Americas’ biggest crude discovery in three decades, according to an official of the country’s Energy Ministry.
Initial estimates for the Santos Basin field off the coast of Brazil are between 7 billion and 8 billion barrels based on seismic and drilling data, Marco Antonio Almeida, head of oil and gas at the ministry, said today in Rio de Janeiro. That would rival the 5-billion-to-8-billion barrel estimate for Tupi.