Identifier
Created
Classification
Origin
09RIODEJANEIRO14
2009-01-21 15:23:00
UNCLASSIFIED
Consulate Rio De Janeiro
Cable title:
US OIL COMPANIES ONE STEP CLOSER TO PRE-SALT OIL DISOVERY
how-toVZCZCXRO1611 RR RUEHRG DE RUEHRI #0014 0211523 ZNR UUUUU ZZH R 211523Z JAN 09 FM AMCONSUL RIO DE JANEIRO TO RUEHC/SECSTATE WASHDC 4748 INFO RUEHBR/AMEMBASSY BRASILIA 1073 RUEHSO/AMCONSUL SAO PAULO 5223 RUEHRG/AMCONSUL RECIFE 3488 RUCPDOC/USDOC WASHDC RHEBAAA/USDOE WASHDC
UNCLAS RIO DE JANEIRO 000014
SIPDIS
STATE FOR WHA/BSC, WHA/EPSC, EB/ESC
USDOC FOR 4332/ITA/MAC/WH/OLAC/JANDERSEN/ADRISCOLL/MWAR D
USDOE FOR CAROLYN GAY AND RHEA DAVIS
E.O. 12958: N/A
TAGS: ENRG EPET EINV BR
SUBJECT: US OIL COMPANIES ONE STEP CLOSER TO PRE-SALT OIL DISOVERY
IN BRAZIL'S SANTOS BASIN
REFS: A) 07 Sao Paulo 899, B) Rio de Janeiro 91, C) Rio de Janeiro
35, D) Rio de Janeiro 138, E) Rio de Janeiro 135, F) Rio de Janeiro
159, G) Brasilia 910, H) Brasilia 1122, I) Rio de Janeiro 237, J)
Rio de Janeiro 235, K) Rio de Janeiro 237, L) Rio de Janeiro 245
UNCLAS RIO DE JANEIRO 000014
SIPDIS
STATE FOR WHA/BSC, WHA/EPSC, EB/ESC
USDOC FOR 4332/ITA/MAC/WH/OLAC/JANDERSEN/ADRISCOLL/MWAR D
USDOE FOR CAROLYN GAY AND RHEA DAVIS
E.O. 12958: N/A
TAGS: ENRG EPET EINV BR
SUBJECT: US OIL COMPANIES ONE STEP CLOSER TO PRE-SALT OIL DISOVERY
IN BRAZIL'S SANTOS BASIN
REFS: A) 07 Sao Paulo 899, B) Rio de Janeiro 91, C) Rio de Janeiro
35, D) Rio de Janeiro 138, E) Rio de Janeiro 135, F) Rio de Janeiro
159, G) Brasilia 910, H) Brasilia 1122, I) Rio de Janeiro 237, J)
Rio de Janeiro 235, K) Rio de Janeiro 237, L) Rio de Janeiro 245
1. U.S. oil companies Exxon and Hess, together with Brazilian
partner Petrobras, have found evidence of oil in their highly
anticipated pre-salt exploration block in Brazil's Santos Basin.
Exxon, which operates the well, and Hess each own 40 percent of the
concession while 20 percent is held by Petrobras.
2. The discovery was made at well 1ESSO3SPS (test well that began
drilling in October 2008) in the BM-S-22 block at a water depth of
2,223 meters (7,294 feet),the National Petroleum Agency released on
January 20. The companies haven't determined if the find can be
developed commercially but energy insiders expect the discovery in
this block, called "Azulao", to be larger than the neighboring
"Tupi" block which is currently the largest confirmed pre-salt find
at 5-8 million barrels. The Azulao block lies at the apex of what
geologist consider the largest structure of the pre-salt oil and gas
reserves.
3. Unrelated to the Azulao announcement, Exxon CEO Rex Tillerson
visited Brazil last week. His trip took place among speculation
that, with almost $37 billion of cash on hand, the company may be
positioning for a major deal. Rumors circulating include a takeover
of Shell, a merger with BG Group (which also holds a major stake in
Brazil pre-salt),or a partnership with Petrobras to finance and
develop pre-salt oil development in Brazil.
MARTINEZ
SIPDIS
STATE FOR WHA/BSC, WHA/EPSC, EB/ESC
USDOC FOR 4332/ITA/MAC/WH/OLAC/JANDERSEN/ADRISCOLL/MWAR D
USDOE FOR CAROLYN GAY AND RHEA DAVIS
E.O. 12958: N/A
TAGS: ENRG EPET EINV BR
SUBJECT: US OIL COMPANIES ONE STEP CLOSER TO PRE-SALT OIL DISOVERY
IN BRAZIL'S SANTOS BASIN
REFS: A) 07 Sao Paulo 899, B) Rio de Janeiro 91, C) Rio de Janeiro
35, D) Rio de Janeiro 138, E) Rio de Janeiro 135, F) Rio de Janeiro
159, G) Brasilia 910, H) Brasilia 1122, I) Rio de Janeiro 237, J)
Rio de Janeiro 235, K) Rio de Janeiro 237, L) Rio de Janeiro 245
1. U.S. oil companies Exxon and Hess, together with Brazilian
partner Petrobras, have found evidence of oil in their highly
anticipated pre-salt exploration block in Brazil's Santos Basin.
Exxon, which operates the well, and Hess each own 40 percent of the
concession while 20 percent is held by Petrobras.
2. The discovery was made at well 1ESSO3SPS (test well that began
drilling in October 2008) in the BM-S-22 block at a water depth of
2,223 meters (7,294 feet),the National Petroleum Agency released on
January 20. The companies haven't determined if the find can be
developed commercially but energy insiders expect the discovery in
this block, called "Azulao", to be larger than the neighboring
"Tupi" block which is currently the largest confirmed pre-salt find
at 5-8 million barrels. The Azulao block lies at the apex of what
geologist consider the largest structure of the pre-salt oil and gas
reserves.
3. Unrelated to the Azulao announcement, Exxon CEO Rex Tillerson
visited Brazil last week. His trip took place among speculation
that, with almost $37 billion of cash on hand, the company may be
positioning for a major deal. Rumors circulating include a takeover
of Shell, a merger with BG Group (which also holds a major stake in
Brazil pre-salt),or a partnership with Petrobras to finance and
develop pre-salt oil development in Brazil.
MARTINEZ