History
The Lula field was discovered in October 2006 by Petrobras, with the well flowing 4,900 barrels per day (780 m3/d) of sweet 30 °API crude oil, 0.7 sulphur content and 4.3 million cubic feet per day (120,000 cubic metres per day) of gas from a deep sub-salt reservoir on a 5⁄8-inch (16 mm) choke. The former president of Brazil, Luiz Inácio Lula da Silva called the field second independence for Brazil. The field was originally named Tupi but in 2010 it was renamed Lula. The name 'Lula' means a mollusc in Portuguese but also refers to Luiz Inácio Lula da Silva. The upper estimate of 8 billion barrels (1.3 billion cubic metres) of recoverable oil would be enough to meet the total global demand for crude oil for about three months at the 2008 global extraction rate of around 85 million barrels per day (13,500,000 m3/d).
In January 2008 Petrobras announced the discovery of the Jupiter field, a huge natural gas and condensate field which could equal the Lula oil field in size. It lies 37 kilometres (23 mi) east of Lula.
Read more about this topic: Tupi Oil Field
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