Brazil Property News: Petrobras strikes again




22nd May 2008 04:39


Brazil's state-owned oil giant has struck again with a new find, it has emerged.

Petrobras announced late yesterday (May 21st) that it had discovered oil in pre-salt reservoirs in an area called Bem-Te-Vi along coastal zones of Sao Paulo.

People considering buying property in Brazil could be interested to hear the news of the discovery as it further suggests the country's oil industry is booming.

The new find will be explored predominately by Petrobras (66 per cent) in partnership with Shell (20 per cent) and Galp Energia (14 per cent).

Meanwhile earlier in the week a report by Economatica revealed that the oil giant had overtaken Microsoft as the world's third biggest business.

The firm was valued at $295.6 billion (£149.22 billion) compared to Microsoft's $274 billion.

Petrobras announced earlier this month that its investment should total $54 billion this year before stating that it produced an average of 2.157 million barrels of oil per day in April.

For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com


Related News



News Archive


How to invest in Brazilian property

When it comes to property investment, the early bird really does catch the worm.


uv10s web site is designed to help and will provide you with the following invaluable information:



To know more, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.



Share & save this story: 
Digg iconDelicious iconReddit iconFark iconYahoo! iconNewsvine! icon

  Subscribe in a news reader

Subscribe to Brazil Real Estate & Property News by Email



Name:
Email:
Phone:
Your message: