Petrobras estimates that Brazil's presalt reserves contain about 50 Bboe – enough to turn the country into one of the world's top oil producers in this coming decade.

Dolphin Geophysical will start a 2D multi-client seismic survey for Spectrum ASA over blocks in the northern equatorial margin offshore Brazil.

Petrobras has announced that the first well drilled after the execution of the Transfer of Rights agreement confirmed the extension of the oil reserves located northwest of the Franco area discovery well, in the Santos basin pre-salt cluster.

Anadarko Petroleum Corp. says its Itaipu-2 presalt appraisal well offshore Brazil encountered a 58 ft (8 m) gross hydrocarbon column in a carbonate reservoir.

Bahamas Petroleum Co. plc says it has completed acquisition of a 3D seismic program offshore the Commonwealth of the Bahamas.

Petrobras and BG Brasil have signed a technical cooperation agreement to develop key technological solutions for overcoming the challenges they face.

Brazil currently produces 100,000 b/d of oil from its deepwater pre-salt fields, but is targeting a tenfold increase to 1 MMb/d by 2017.

Petrobras has awarded a $90-million contract to Electromagnetic Geoservices ASA for a range of surveys in frontier and mature basins offshore Brazil.

WesternGeco has started part two of its multi-client seismic survey in the Gulf of Mexico applying Dual Coil Shooting to acquire full-azimuth, ultra-long offset seismic data using four vessels on a circular survey path.