PUBLICATION

Engineering & Mining Journal

AUTHORS

Ramona Tarta, James McKeigue, Mercedes Ortelli

Brazil Mining 2008 E&MJ Release - Part 1

October 05, 2008

Until recently, for most people Brazil has conjured up images of samba-dancing carnival goers or soccer—not hydrocarbons. Yet ever since President Getulio Vargas created Petrobras, the state oil company, in 1953, the country has been steadily increasing its oil and gas production. In 2006, Brazil finally achieved its aim of oil self-sufficiency, but, with production standing at about 1.9 million barrels of oil per day, it still failed to attract muchattention. That was, until the pre-salt discovery. The discovery of several significant offshore reservoirs in the so-called pre-salt region—a geological formation lying beneath a layer of salt in waters as deep as 3,000 meters and below as many as 7,000 meters of seabed—has raised expectations that Brazil may have discovered a 200-kilometer-by-800-kilometer oil province.

RELATED INTERVIEWS MORE INTERVIEWS

Tembo Power is developing hydropower projects across Africa with a focus on DRC.
After cementing its position as a logistics industry leader in the DRC for over six decades, Comexas Afrique is launching into a new phase of existence and undergoing a rebrand, which will introduce the world to a new name, ConnexAfrica.
Buenaventura outlines progress at its diverse portfolio of Peruvian assets.
Mining Plus, which provides technical services around the world, is growing its South American presence.

MACIG

GBR speaks to Leopold Mboli Fatran, Minister of Mines and Geology of Central African Republic concerning the challenges of developing the country’s resource industries.

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