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Pre-release registrations only can secure units for £98,000.
Brazil Property News: Petrobras looks up north
4th June 2008 04:03
People considering buying property in Brazil could be interested to hear the country's state-run oil giant is seeking to tap into a new basin off the country's north-eastern coast, it has been reported.
The country's oil industry is booming – which hints at an economic buoyancy in the nation – after a number of finds on its south coast but discoveries in the north are rare.
Petrobras revealed the Jequitinhonha basin north of Santos looks promising and it will move a drilling rig from Santos' huge Jupiter gas find, according to Reuters.
Guilherme Estrelle, the firm's exploration and production director, told the news provider's Global Energy Summit on Monday: "We always need to open new frontiers and the geological data in the BMJ-3 block looks very interesting.
"We have a great deal of hope there ... the prospects are very good," he added.
It was reported by ANBA earlier in the week that the firm plans to build another refinery in the country.
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