Brazil's offshore oil prospect to produce 'significant flaws'
An offshore oil prospect owned by Brazil`s Petroleo Brasileiro SA, Barra Energia, QGEP Participacoes SA and Portugal`s Galp Energia SGPS SA will have significant flows when it starts output later this decade, a project partner told investors on Thursday.
Wells in the Carcara offshore oil prospect, one of the largest recent `subsalt` discoveries in Brazil, will likely produce as much as 35,000 barrels of oil and natural gas equivalent a day (boepd) when it begins producing in 2018, QGEP, which owns 10 per cent of the prospect, said on a conference call with investors.
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