Brazil stunned the oil world when it announced the discovery of a vast oil field 200 miles south of Rio de Janeiro last November, turning the country’s deep blue waters into the world’s most exciting oil frontier. Energy experts said the field could turn out to be just a small part of the largest oil discovery in 30 years.
But seven months later, the problem is still how to retrieve it. Petrobras has only three rigs capable of drilling in waters that exceed 6,500 feet, like the sites of the new fields.
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NVDL: Too few ships. Too little time.
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