By Richard Mann, Contributing Reporter
RIO DE JANEIRO, BRAZIL - Brazilian oil and gas giant Petrobras just made its biggest discovery in Sergipe since pre-salt, in 2006. From six fields, it expects to extract 20 million cubic meters (m³) of natural gas per day, the equivalent of one-third of Brazil's total production.
Published last month, the discovery is expected to generate R$7 (US$1.8) billion in annual revenue for the state-owned company and its partners, the Gas Energy consultancy estimates.
According to the government's announcement, this may help achieve the expected "cheap energy shock . . .