Brazil Oil Data Stolen From State Company

Information said to concern huge new offshore fields
By Kevin Spak,  Newser Staff
Posted Feb 14, 2008 4:35 PM CST
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)
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(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.