Brazil’s state oil company, Petrobras says it discovered giant gas reserve

SAO PAULO, Brazil: Brazil’s state oil company said Monday it has discovered a huge natural gas reserve off the coast of Rio de Janeiro that could be as big as the recently discovered giant Tupi oil field.

Petroleo Brasileiro SA’s said in a press release posted on its Web site that the potential reserves in the new field were located about 5,100 meters (16,800 feet) below the surface of the Atlantic Ocean, just 37 kilometers (23 miles) west of the Tupi field.

AP