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Bloomberg

Petrobras Holds Up to 8.5 Billion Barrels in 5 Pre-Salt Fields

February 10, 2012, 7:19 AM EST

By Rodrigo Orihuela

Feb. 10 (Bloomberg) -- Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said it holds reserves of as much as 8.5 billion barrels in five pre-salt fields, according to a statement distributed in Rio de Janeiro today.

The fields are Lula, Cernambi, Iara, Guara and Parque das Baleias, Petrobras said.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Carlos Caminada at ccaminada1@bloomberg.net

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