Ten dead in fire at Spanish retirement home    UN climate talks 'no longer fit for purpose' say key experts    US hacker sentenced over Bitcoin heist worth billions    Questions raised over Portugal's capacity to host Europe's largest annual tech event    Dr. Al-Rabeeah: 170 countries benefited from $133 billion aid from Saudi Arabia "Humanitarian efforts strained by increasing crises, funding shortages, and access challenges"    Delhi shuts all primary schools as hazardous smog worsens    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Public Security chief launches digital vehicle plate wallet service    Pop hit APT too distracting for South Korea's exam-stressed students    'Action is in our nature': 4th Saudi Green Initiative Forum to be held at COP16    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Mohammed Al-Habib Real Estate Co. sets Guinness World Record with largest continuous concrete pour    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    PIF completes largest-ever accelerated bookbuild offering in MENA region    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    'Marvels of Saudi Orchestra' to dazzle audience in Tokyo on Nov. 22    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    France to deploy 4,000 police officers for UEFA Nations League match against Israel    Al Nassr edges past Al Riyadh with Mane's goal to move up to third    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Brazil secures oilfields
Published in The Saudi Gazette on 13 - 09 - 2008

Brazil deployed warships, fighter jets and thousands of troops off its southern coast on Friday, starting two weeks of military maneuvers aimed at showing the world it can defend vast new oil reserves.
The exercise, dubbed Operation Atlantic, will simulate an attack by a fictitious enemy on oil platforms and pipelines both on and off shore along the coastline of the states of Rio de Janeiro, Sao Paulo and Espirito Santo.
The maneuvers are the latest in a national debate over how to manage a slew of recent deep-sea oil finds that could thrust Brazil, which still occasionally imports crude to meet domestic demand, into the top 10 of the world's oil producers.
“This is an exercise that is intended to dissuade, a show of force,” Admiral Edlander Santos, the commander of the operation, said at a ceremony near Rio de Janeiro marking the beginning of the exercise.
Over the next two weeks, 10,000 troops, as many as 50 fighter jets, 17 ships and at least one submarine will be mobilized for the exercise, which will cost about 20 million reais ($11.2 million) to stage.
The operation is also intended to take stock of the growing list of military hardware that Brazil covets to defend its offshore resources, which are becoming one of its top defense priorities along with a porous border in the Amazon jungle.
Brazil began imagining itself as an oil superpower when state-run energy giant Petrobras announced in November it had found 5 billion to 8 billion barrels of light crude deep beneath the ocean floor in the Santos basin, the world's second-biggest oil find in the last 20 years.
Just this week, Petrobras estimated that another nearby deep-sea field holds between 3 billion and 4 billion barrels of oil and natural gas. Together, the two finds could lift Brazil's proven reserves by 85 percent, and that may be just the tip of the iceberg.
Some analysts estimate that 50 billion to 80 billion barrels of oil may lie deep below a thick layer of salt under the seabed along a 500-mile (800-km) stretch off Brazil's southern coast.
The government of President Luiz Inacio Lula da Silva is currently drawing up a new strategic defense plan that is expected to place a heavy emphasis on defending its offshore oil wealth, which the military has begun referring to as the “Blue Amazon.” “The ‘Blue Amazon' is perhaps one of our most important strategic assets,” said Santos, who was flanked by combat troops in camouflage gear, some toting machine guns.


Clic here to read the story from its source.