Brazilian state oil company Petrobras will start pumping oil from a Nigerian field on July 21, company officials said on Saturday.
Petroleo Brasileiro SA expects to begin producing oil “of the highest quality” in the offshore Agbami field in partnership with French oil company Total SA and California-based ChevronTexaco Corp, Petrobras’ Nigeria manager Rudy Ferreira told the Agencia Brasil state news service.
The company plans to immediately pump 100,000 barrels a day from the field and will boost output to 250,000 barrels a day by next year, Ferreira said.
Since 1998, Petrobras has invested about US$2.2 billion in oil exploration and production in Nigeria, where it owns shares in three fields.
The company’s Nigerian operations are expected to yield about US$2 billion a year in revenue next year, given oil prices of US$80 a barrel, Ferreira said.
Light, sweet crude oil reached a record US$142.99 a barrel on Friday.
Company officials announced plans to boost African investments last fall, earmarking US$1.4 billion to be used for Nigerian projects and US$900 million for Angolan projects between this year and 2012.
Petrobras is riding a wave of optimism following a handful of major oil discoveries, including more than 5 billion barrels at its offshore Tupi field last year.
In April, a top energy official announced a deepwater find off Rio de Janeiro that could approach 33 billion barrels, among the world’s largest. Petrobras downplayed that estimate, saying further studies were necessary.
The nation’s fastest supercomputer, Nano 4 (晶創26), is scheduled to be launched in the third quarter, and would be used to train large language models in finance and national defense sectors, the National Center for High-Performance Computing (NCHC) said. The supercomputer, which would operate at about 86.05 petaflops, is being tested at a new cloud computing center in the Southern Taiwan Science Park in Tainan. The exterior of the server cabinet features chip circuitry patterns overlaid with a map of Taiwan, highlighting the nation’s central position in the semiconductor industry. The center also houses Taiwania 2, Taiwania 3, Forerunner 1 and
MORE POPULAR: Taiwan Pass sales increased by 59 percent during the first quarter compared with the same period last year, the Tourism Administration said The Tourism Administration yesterday said that it has streamlined the Taiwan Pass, with two versions available for purchase beginning today. The tourism agency has made the pass available to international tourists since 2024, allowing them to access the high-speed rail, Taiwan Railway Corp services, four MRT systems and four Taiwan Tourist Shuttles. Previously, five types of Taiwan Pass were available, but some tourists have said that the offerings were too complicated. The agency said only two types of Taiwan Pass would be available, starting from a three-day pass with the high-speed rail and a three-day pass with Taiwan Railway Corp. The former costs NT$2,800
FIRST TRIAL: Ko’s lawyers sought reduced bail and other concessions, as did other defendants, but the bail judge denied their requests, citing the severity of the sentences Former Taipei mayor Ko Wen-je (柯文哲) was yesterday sentenced to 17 years in prison and had his civil rights suspended for six years over corruption, embezzlement and other charges. Taipei prosecutors in December last year asked the Taipei District Court for a combined 28-year, six-month sentence for the four cases against Ko, who founded the Taiwan People’s Party (TPP). The cases were linked to the Core Pacific City (京華城購物中心) redevelopment project and the mismanagement of political donations. Other defendants convicted on separate charges included Chinese Nationalist Party (KMT) Taipei City Councilor Angela Ying (應曉薇), who was handed a 15-year, six-month sentence; Core Pacific
J-6 REMODEL: The converted drones are part of Beijing’s expanding mix of airpower weapons, including bombers with stand-off missiles and UAV swarms, the report said China has stationed obsolete supersonic fighters converted to attack drones at six air bases close to the Taiwan Strait, a report published this month by the Arlington, Virginia-based Mitchell Institute for Aerospace Studies said. Satellite imagery of the airfields from the institute’s “China Airpower Tracker” shows what appear to be lines of stubby, swept-winged aircraft matching the shape of J-6 fighters that first flew with the Chinese People’s Liberation Army (PLA) Air Force in the 1960s. Since their conversion to drones, the aircraft have been identified at five bases in China’s Fujian Province and one in Guangdong Province, the report said. J.
RSS