Brazzil

....but if drilling at 1000-3000 meters deep is already considered as ultra deep, what is it called when drilling at 8000.- meters deep (2000 m. salt 6000 m.) ?
- And what is the estimates costs per barrel of producing such oil would be interesting to be known.

As a general guideline, Brazil produce mostly deep oil, costing quite a lot to produce.
Contrary to the beliefs and medias, oil is not in shortage, and billions and billions of us$ HAVE BEEN SPENT to find new oil.
These investments will start producing new oil and gas very shortly in in the years ahead, competing with cheaper oil, produced from more shallow wells notably in the Middle East,Russia and Venezuela.
At one point in time, cheaper production oil to keep their advantages will compete with higher production cost oil.
At that point both cheap and high cost oil will offer their production to the world....puting the price down. And the spiralling
effect will push it still lower, even if losses are incurred by the most expensive producers. Because by not producing that high cost oil would provide far larger losses than producing it with some losses !!!!!

Yessss...this planet is full of oil and gas...for everyone ! Prices will come down, even much lower than $ 58.- per barrel which is today price. Not necessarily as low as $ 20 or 25 per barrel but probably in the mid to high $ 30's

Therefore high costs oil producers such as Brazil, and ethanol producers such as Brazil too, be prepared.to not make as much money as you dream even if you produce much oil and ethanol.
Quite well known for the time being that in order to make money in ethanol in Brazil, sugar should be in the 10/12 U.S. cents per pound. It happens the actual price is 10,2 US cents...or near break even....at best !
It will be interesting to read shortly the profits or losses your ethanol mills will announce in the next few months !!!!

Guess who will smile and who will cry ! Especially even more in view of your currency strength !!!!!

Disappointments are right in the corner !!

Thomas Gold was right.

These Brasilians are fools. They dont understand that they will fail in whatever they do. Atleast they should realise it, after visiting this site, and reading the comments posted by ch.c.

God has sent ch.c for the Brasilians. Stupid Brasilians dont realise it.

All Brasilians should be made to visit Brazzilcom every hour. They should be slapped on their asses, and made to read what ch.c has written by each passing hour. (Women should be made naked, while reading ---right ch.c?) .

All those who dont do the needfull, should be sent to iraq to die.

Lula should order to combine all comments oc ch.c and give it a form of a text book, and it should be included at all levels of education in Brasil. Thereafter wait.....keep visiting this site..for future advise from ch.c...... mercy..god has sent him to brasil...let no words of his go waste...

Do Brazilians go to school ??????? Please read Buarque article....just a few days ago...in this site !!!!!

please re-read the article, it clearly says :
"This is very important because the bulk of Petrobras daily production of 1.8 million barrels of oil per day is of heavy oil. This type of oil has high viscosity and is more expensive and complex to refine into gasoline, diesel or other oil products."