By Jaylan Boyle, Contributing Reporter
RIO DE JANEIRO - Petrobras announced recently that a bidding process is to begin between tenders for the construction of 28 oil-drilling platforms, most of which will be employed in retrieving reserves of sub-salt Atlantic coast oil, expected to yield between fifty and eighty billion barrels, five times Brazil's current reserves of fourteen billion barrels.
Petrobras is the world leader in deepwater oil exploration, operating facilities in 27 countries throughout the Americas, Africa, Asia and Europe.
The sub-salt fields refer to recently-discovered reserves off Brazil's Atlantic coast which lie thousands . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here