16th April 2008 - Surprise discovery off coast of Brazil (Grd)


There is some controvesry about the claim by Haroldo Lima, head of Brazil's National Petroleum Agency, that Petrobras, the national oil company in partnership with BG, the UK oil exploration company, "may have discovered a huge petroleum field that could contain reserves as large as 33bn barrels, amounting to the world's third largest reservoir". There is some scepticism that this Brazilian find will, as claimed, rival the largest fields in Saudi Arabia and Kuwait.

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