Quote:
Originally Posted by Mihajlovic
They say they need to drill 100 wells and the whole project would cost between $50 billion and $100 billion to develop. But how's that calculation going to work out in future nobody even dares to estimate  |
It's cheap. Say you assume a long term price of $50 a barrel, assume they extract about half of their reserves, or 16bn barrels, and you still get revenue of $800bn...
Raising capital isn't a problem for Brazil either, in the same way it is for Venezuela, because the Brazilians don't have an idiot for a dictator. And if the oil from the current Tupi field is anything to go by, the new field will be lighter and sweeter than the Venezuelan heavy crude too.