01 December 2009

BRASIL: Petrobras May Have A Massive Oil Future.

NPR/ A Good Primer on Petrobras/
"To drill for its version of El Dorado, Brazil is going to have to go far and deep — 200 miles out into the Atlantic, more than 4 miles down, through swirling seas, rock and a thick cap of salt.
The only way to go after the oil is to build a fleet of floating production platforms and drilling rigs. The construction is taking place in a half-dozen Brazilian shipyards."