Petrobras, Brazil's state-controlled oil and gas multinational, just announced that it has begun refining oil from the Tupi field, located at the pre-salt area of Santos Basin which is Brazil's great hope for becoming a major player in the world's hydrocarbons market. Petrobras said in an official release the start of the process at the Capuava Refinery will be relevant to evaluate the quality and potentiality of the oil products produced using the pre-salt oil. "The oil, offloaded from Tupi Extend Well Test production system, presented the following characteristics: gravity of 28.5 degrees API, low sulfur and low acidity," reported Petrobras. Petrobras also said that it notified the country's National Petroleum Agency that it had discovered signs of oil at an inland Espírito Santo Basin block. Apparently traces of oil were... [read full story]
