weight of opinion, page-27

An extract from an article in Rigzone.
Gotta love the pre salt hit rate. The seismics these days really are changing the game.

“Recent pre-salt discoveries in the country are set to position Brazil among the top 10 resources holders,” he said. Pre-salt discoveries are the main growth driver in Brazil resources and production. Only 31% of the pre-salt areas have already been granted. “Pre-salt was first discovered in 2006, and now there are 7 blocks under concession and transfer of rights,” he said. The risks Petrobras faces do not appear to be on the drilling side. He said its success rate was 82% of its subsalt wells drilled in 2012. “The exploratory success ratio if pre-salt was 82% in 2012 and almost 100% in the first half 2013,” he added. - See more at: http://www.rigzone.com/news/oil_gas/a/131195/Brazil_to_Invest_150B_over_the_Next_4_Years_on_EP_Activities/?pgNum=1#sthash.es0dyS68.dpuf"