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Article: Brazil : Brazil s Newfound Oil Riches Spur HRT To Start E&P Unit.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: manish03
Development of Brazil's massive offshore oil discoveries has attracted most of the industry's attention in recent years, but the seemingly forgotten onshore prospects caught the eye of geologist Marcio Mello.
"There's a great movement in Brazil not only offshore but also onshore ... the Amazon and Solimoes basins are open," said Mello, CEO of upstart HRT Oil & Gas.
Mello and several former executives at state-run energy giant Petrobras (PBR) launched HRT Oil & Gas on Wednesday, the second major Brazilian independent oil company to be launched since the offshore discoveries were made in 2007.
OGX Petroleo e Gas ...