ASSESSMENTS

Brazil: Tupi Test and a Leg Up as a Regional Power

May 1, 2009 | 20:47 GMT

ANTONIO SCORZA/AFP/Getty Images

Summary

Brazilian state-owned oil company Petroleos Brasileiros (Petrobras) began test production May 1 at the challenging Tupi oil field. Marked by a Brazilian celebration attended by Brazilian President Luiz Inacio Lula da Silva, the start-up of the technically complex offshore field marks a major stride forward for Petrobras and Brazil.

Test production of a challenging oil field off the coast of Rio de Janeiro boosts Brazil's already strong position in the region....

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