Page 39: of Marine Technology Magazine (September 2010)
Ocean Observation
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www.seadiscovery.com Marine Technology Reporter 39 technology to develop E&P in WA, the countries with pre-salt reserves will need to work with major oil compa- nies who have or are developing the necessary technology.
The other problems they face are much more complicat- ed and may take generations to resolve.
In Brazil, Petrobras has the necessary proprietary tech- nology for pre-salt E&P, and the Brazilian pre-salt is still open to foreign oil companies. A consolidated and diverse industrial base is present, as is a large consumer market.
Most importantly there is institutional and judiciary sta- bility which helps to attract foreign investors and also helps control and fight corruption.
In conclusion the similarities between the Brazilian and
WA pre-salt must be considered a blessing on both sides of the Atlantic. The challenges that need to be faced in order to recover this light pre-salt oil are massive, but def- initely not impossible. The fact that important pre-salt finds have been made in southeast Brazil is a definite boost to continued exploration of the WA offshore, as recent pre-salt discoveries in the northwest Gulf of Guinea are good indicators of potential pre-salt acreage in north- east Brazil. These facts should make finding seismic simi- larities that much easier. The deepwater pre-salt discover- ies and eventual production on both margins of the South
Atlantic can also be considered of worldwide importance due to the increasing world oil consumption, decreasing reserves in mature shallow water oil fields and decrease in new shallow water finds. Global oil demand in 2010 is pegged at 86.6 million barrels per day and global oil demand in 2030 is estimated to be at around 106 million barrels per day. New discoveries in new O&G frontiers such as deepwater post-salt, deepwater pre-salt, arctic shallow and deepwater exploration will all be vital in reaching a position to fulfill this estimated future demand.
West Africa seismic. (Cr edit Equator Exploration Limited)
