<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f38dbda9-db23-4e95-93b4-d4e7c99dc8fc/A0F1404A-D9F5-41A0-828C-04044962B6C0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/e080ea32-9d6d-11de-9f4a-00144feabdc0.html?nclick_check=1" href="http://www.ft.com/cms/s/0/e080ea32-9d6d-11de-9f4a-00144feabdc0.html?nclick_check=1" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/e080ea32-9d6d-11de-9f4a-00144feabdc0.html?nclick_check=1"><P aria-level="0" aria-posinset="0" aria-setsize="0">Brazil’s prospects of becoming a leading oil producer increased on Wednesday when it emerged that a giant offshore field could be double the size of BP’s discovery last week in the Gulf of Mexico.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/e080ea32-9d6d-11de-9f4a-00144feabdc0.html?nclick_check=1"><P aria-level="0" aria-posinset="0" aria-setsize="0">Petrobras, the national oil company, reported that the Guará field contained the equivalent of 1.1bn to 2bn barrels of recoverable oil and gas. BP’s Tiber field, which BP called a “giant” discovery last week, is unofficially estimated to contain 500m-1bn recoverable barrels.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/e080ea32-9d6d-11de-9f4a-00144feabdc0.html?nclick_check=1"><P aria-level="0" aria-posinset="0" aria-setsize="0">To reach Guará’s oil the developers must drill 2km under the sea and through several more kilometres of rock and semi-liquid salt. The oil strikes at Guará and Tiber show the technological complexities and high costs in exploiting this century’s new oil bonanzas. The Tiber well, the deepest drilled so far, is 9km beneath the seabed.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/e080ea32-9d6d-11de-9f4a-00144feabdc0.html?nclick_check=1"><P aria-level="0" aria-posinset="0" aria-setsize="0">Petrobras holds 45 per cent of Guará and is field operator. BG’s stake is 30 per cent and Repsol’s 25 per cent. Guará was discovered in June 2008.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A0F1404A-D9F5-41A0-828C-04044962B6C0/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks:  Amplify.com - Don't just share the news...Amplify it!