Brazil Libra to cost $80 Bn

摘要

Brazil’s largest oil field, Libra, located offshoreRio de Janeiro, will cost US $80 Bn to develop,according to an executive at field partner Total.Libra lies in the Santos Basin and holds an estimated8-12 Bn bbl of oil.“Libra will give us a return on our investmentfor many decades,” Ladislas Paszkiewicz, Total’svice president for E&P in the Americas toldreporters in Rio de Janeiro. Paszkiewicz did notoffer any further details on the financial plans forthe development project.