The Lula oil field (formerly Tupi oil field) is a large oil field located in the Santos  Basin, 250 kilometres (160 mi) off the coast of Rio de Janeiro, Brazil. ... It is  considered to be the Western Hemisphere's largest oil discovery of the last 30  years.
Mar 31, 2017 ... Brazil is poised to sharply increase oil exports this year as heavy ... tank of  Brazil's state-run Petrobras oil company in Brasilia, Brazil September 30, 2015. ...  made since the end of the last decade off the nation's Atlantic coast.
The Brazilian oil and gas industry finds itself at a unique point in its .... over 30  years, more wealth was produced with proportionally less .... kilometers off the  coast, with high production costs. The African west ... Where the emerging  countries are going. The economic development experienced in the last two  decades by the ...
Mar 21, 2016 ... Brazil's oil giant Petrobras posted a loss of nearly $10 billion for 2015. ...  Premarkets · Market Movers · Dow 30 · After-Hours · World Markets ... The  country's government-run oil company, Petrobras, got crushed by low oil prices  last year. ... It said it had to write off billions of dollars of assets and investments ...
Jan 29, 2016 ... RIO DE JANEIRO, Jan 29 (Reuters) - Brazil's state-controlled oil producer ...  potential of big oil discoveries off the coast of Brazil have faded for ... said the  company would have at least 30 billion of reserves by now. But a nearly 70  percent decline in the price of oil in the last year and a ... “What did we get?
Brazil got off oil in the last 30 years.