Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said on Saturday.
Petroleo Brasileiro SA expects to begin producing oil “of the highest quality” in the offshore Agbami field in partnership with French oil company Total SA and California-based ChevronTexaco Corp, Petrobras’ Nigeria manager Rudy Ferreira told the Agencia Brasil state news service.
The company plans to immediately pump 100,000 barrels a day from the field and will boost output to 250,000 barrels a day by next year, Ferreira said.
Since 1998, Petrobras has invested about US$2.2 billion in oil exploration and production in Nigeria, where it owns shares in three fields.
The company’s Nigerian operations are expected to yield about US$2 billion a year in revenue next year, given oil prices of US$80 a barrel, Ferreira said.
Light, sweet crude oil reached a record US$142.99 a barrel on Friday.
Company officials announced plans to boost African investments last fall, earmarking US$1.4 billion to be used for Nigerian projects and US$900 million for Angolan projects between this year and 2012.
Petrobras is riding a wave of optimism following a handful of major oil discoveries, including more than 5 billion barrels at its offshore Tupi field last year.
In April, a top energy official announced a deepwater find off Rio de Janeiro that could approach 33 billion barrels, among the world’s largest. Petrobras downplayed that estimate, saying further studies were necessary.
Taiwanese actress Barbie Hsu (徐熙媛) has died of pneumonia at the age of 48 while on a trip to Japan, where she contracted influenza during the Lunar New Year holiday, her sister confirmed today through an agent. "Our whole family came to Japan for a trip, and my dearest and most kindhearted sister Barbie Hsu died of influenza-induced pneumonia and unfortunately left us," Hsu's sister and talk show hostess Dee Hsu (徐熙娣) said. "I was grateful to be her sister in this life and that we got to care for and spend time with each other. I will always be grateful to
REMINDER: Of the 6.78 million doses of flu vaccine Taiwan purchased for this flu season, about 200,000 are still available, an official said, following Big S’ death As news broke of the death of Taiwanese actress and singer Barbie Hsu (徐熙媛), also known as Big S (大S), from severe flu complications, the Centers for Disease Control (CDC) and doctors yesterday urged people at high risk to get vaccinated and be alert to signs of severe illness. Hsu’s family yesterday confirmed that the actress died on a family holiday in Japan due to pneumonia during the Lunar New Year holiday. CDC Deputy Director-General Tseng Shu-hui (曾淑慧) told an impromptu news conference that hospital visits for flu-like illnesses from Jan. 19 to Jan. 25 reached 162,352 — the highest
TAIWAN DEFENSE: The initiative would involve integrating various systems in a fast-paced manner through the use of common software to obstruct a Chinese invasion The first tranche of the US Navy’s “Replicator” initiative aimed at obstructing a Chinese invasion of Taiwan would be ready by August, a US Naval Institute (USNI) News report on Tuesday said. The initiative is part of a larger defense strategy for Taiwan, and would involve launching thousands of uncrewed submarines, surface vessels and aerial vehicles around Taiwan to buy the nation and its partners time to assemble a response. The plan was first made public by the Washington Post in June last year, when it cited comments by US Indo-Pacific Commander Admiral Samuel Paparo on the sidelines of the Shangri-La Dialogue
COMBINING FORCES: The 66th Marine Brigade would support the 202nd Military Police Command in its defense of Taipei against ‘decapitation strikes,’ a source said The Marine Corps has deployed more than 100 soldiers and officers of the 66th Marine Brigade to Taipei International Airport (Songshan airport) as part of an effort to bolster defenses around the capital, a source with knowledge of the matter said yesterday. Two weeks ago, a military source said that the Ministry of National Defense ordered the Marine Corps to increase soldier deployments in the Taipei area. The 66th Marine Brigade has been tasked with protecting key areas in Taipei, with the 202nd Military Police Command also continuing to defend the capital. That came after a 2017 decision by the ministry to station
RSS