|
Right now now production is around 1.76 barrels a day. By 2022,
Brazil hopes this will double. These results won't come without challenges of coarse. Many of the major oil
discoveries off the coast of Brazil are very deep below the earths surface, sometimes up to 2,000 kilometers deep below the
Santos Basin. These hard to drill areas are very costly as they are made up of salt rock and sand beds. Petrobras
is rumored to be buying around 16 drilling ships to for Tupi and Carioca fields. They are also still working on technology
that will allow them to drill effectively this deep. The Cost? Try over 200 Billion Dollars! This
cost is manily because most of the oil is below 7,000 feet of water and then another 6-7,000 feet of thick sub sea salt.
With oil hitting $140 per barrel recently, this huge price tag would be worth it if infact they can extract all of that
oil. To guard the oil, Brazil plans to use a $600 million nuclear-powered submarine to protect the country's
offshore fields, said Defense Minister Nelson Jobim.
|
