A fresh exploration well had reinforced estimates of the extent of the giant pre-salt Iara oilfield located some 220km offshore Rio de Janeiro, according to Petrobras.
Aberdeen company Nautronix is shipping £4million ($7million) worth of its equipment to the US Gulf of Mexico to provide subsea acoustic positioning services to Brazilian company Petrobras, which is opening up the Cascade and Chinook fields as a co-ordinated development.
IRAN has told Total and Shell that it will not extend the deadlines for completion of their South Pars development contracts beyond the present June, 2008, deadline.
