Brazil could recover up to 40 tcf of gas from 3 offshore fields
Around 40 tcf of additional natural gas are expected to be recovered from the recent Tupi, Iara and Guara oil
discoveries offshore Brazil, a spokeswoman for BG Group said.
The three fields are among the biggest recent oil discoveries in the world, containing between 9.1 bn and 14 bn
barrels equivalent of recoverable oil and gas. They are set to transform Brazil into a major oil exporter as the
fields come onstream in the next decade.
The confirmation of sizeable gas reserves in the fields, almost four times Brazil's proven reserves at the end of
2008 that could be used for domestic power generation is an added bonus for a country that suffered a major blackout
in its largest city, Sao Paulo.
BG Group and partner Petroleo Brasileiro (Petrobras) had said they are studying using new technology to commercialize
gas reserves in these fields by converting them into liquefied natural gas aboard specially constructed ships. The
LNG could then be supplied to Brazil or sold on global markets, BG said.
The fields are too far from the coastline and too deep beneath the sea for conventional fixed gas platforms or pipelines to be practical.
