Tupi, Santos Basin, Brazil Commercial Asset Valuation and Forecast to 2039 Now Available at ReportsandReports

Dallas, TX, October 26, 2010 --(PR.com)-- ReportsandReports announce Tupi, Santos Basin, Brazil Commercial Asset Valuation and Forecast to 2039 Market Research Report in its Store.

Browse complete Report at: Tupi, Santos Basin, Brazil Commercial Asset Valuation and Forecast to 2039 http://www.reportsandreports.com/reports/28772-tupi-santos-basin-brazil-commercial-asset-valuation-and-forecas.html.

Report Summary
The Tupi oil and gas fields were discovered in July 2006, located in block BM-S-11 in the Santos Basin, 155 miles (250km) from the southern coast of Rio de Janeiro. The Tupi Field was the first Santos Basin pre-salt discovery. It is the largest hydrocarbon find in the world since the Kazakh’s Kashagan discovery in 2000, holding estimated recoverable reserves of oil and gas at between five
billion and eight billion barrels of oil equivalent (boe).

The first exploratory well, 1-BRSA-369-RJS, was drilled in a water depth of 7,021 feet (2,140m). The recoverable reserves were confirmed in September 2007 when a second well was drilled on the Tupi field with oil discovery. Tupi oil is a light oil of 28 degrees API, low sulphur (0.37 - 0.39%), with 8 to 12% CO2 content in the solution gas The price of Tupi oil is at par with the Brent Blend price.

Petrobras is operator of the field, and holds a 65% interest in the field. Development of Tupi is executed in two phases, and development is planned through floating, production, storage and offloading (FPSO) facilities vessel. In the first phase of development, long-duration tests of the area were conducted in March 2009. The EWT (Extended Well Test) started in May 2009 at the rate of 14,000 barrels of oil per day (bopd) and increased to 30,000 bopd by the end of 2009.

The second phase of development is expected to commence in late 2010, using a floating production, storage and offload vessel (FPSO) with a capacity of 100,000 barrels of oil equivalent per day and four million cubic meters of gas per day by 2010. It is estimated that around ten FPSOs would be needed for the development of Tupi field and it would reach peak production of around 1,000,000 bopd in the year 2021.

The field life of Tupi is expected to be around 30 years with complete abandonment during 2039. The field is expected to generate $490.24 billion in revenues (undiscounted) during its entire life (starting January 1, 2010) and is expected to yield an IRR of around 14.34%.

Browse all GlobalData Market Research Reports
http://www.reportsandreports.com/Publisher/globaldata-market-research.html-market-research.html

Browse all Energy and Power Market Research Reports
http://www.reportsandreports.com/cat/energy-and-power-supplies-market-research.html

Browse all Newly Published Market Research Reports http://www.reportsandreports.com/LatestReport.aspx

Original Source: Commercial Asset Valuation Market
Buy Now: Research

Related Reports:
Brage, Norway, Commercial Asset Valuation and Forecast to 2015
http://www.reportsandreports.com/reports/28784-brage-norway-commercial-asset-valuation-and-forecast-to-2015.html

Snorre Field, Norway, Commercial Asset Valuation and Forecast to 2023
http://www.reportsandreports.com/reports/28768-snorre-field-norway-commercial-asset-valuation-and-forecast-to-.html

Statfjord Field, Norway, Commercial Asset Valuation and Forecast to 2022
http://www.reportsandreports.com/reports/28770-statfjord-field-norway-commercial-asset-valuation-and-forecast-.html

Rev Field, Norway, Commercial Asset Valuation and Forecast to 2020
http://www.reportsandreports.com/reports/28759-rev-field-norway-commercial-asset-valuation-and-forecast-to-202.html

Ormen Lange field, Norway, Commercial Asset Valuation and Forecast to 2040
http://www.reportsandreports.com/reports/28754-ormen-lange-field-norway-commercial-asset-valuation-and-forecas.html

About Us:
Reports and Reports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.

Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
Website: http://www.reportsandreports.com/
Blog: http://reportsnreports.wordpress.com/
Blog: http://reportsandreports.blogspot.com/

###