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December 2, 2008 10:36:12 AM CST



Brazil Oil Data Stolen From State Company

Posted Feb 14, 08 4:35 PM CST in Business Crime & Courts World 

(Newser) – Petrobras, Brazil’s state-owned oil company, today announced that important information had gone missing, and one Brazilian site says the data concerns two large, important new gas and oil finds, the Associated Press reports. The new fields are so large, Terra reports, that they could earn Brazil a seat with the OPEC oil cartel.

Last month, Petrobras—more formally Petroleo Brasileiro—found a huge natural gas reserve so large it may rival its other deep-water find, an Atlantic field that could be producing a million barrels of oil a day by the end of this month. Petrobras hasn’t commented on the report.

Source Associated Press

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In its first equity investment in offshore drilling, GE Energy Financial Services is investing $54 million and co-financing this ship drilling for oil in deep water off the coast of Brazil. (Photo   (Associated Press)
The president of Brazil's state-run oil company Petrobras, Jose Sergio Gabrielli, speaks with press at the Presidential Palace in Brasilia, in this file photo. (AP Photo/Eraldo Peres)   (Associated Press)
Brazil's President Luiz Inacio Lula da Silva holds up samples of biodiesel during his visit to Petrobras oil company in Rio de Janeiro in this Friday, Oct. 26, 2007 file photo. (AP Photo/Ricardo Moraes)   (Associated Press)
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