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-0.000381533765738192 -0.00114460129721485 -0.00114460129721485 -0.00152613506295304 -0.00152613506295304 -0.000381533765738192 0.000763067531476519 0.000381533765738327
Stock impact report

Petrobras plans to spend $300M to drill two Potiguar Basin wells [Seeking Alpha]

Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Seeking Alpha
the mouth of the Amazon River, after it received environmental licenses last week , Chief Exploration and Production Officer Joelson Falcao Mendes said late Monday. The license granted by Brazil's Ibama environment agency on Friday was the first since 2013 for Petrobras ( PBR ) to drill in the extensive area that is seen a promising new frontier for oil and gas exploration. The first exploratory well, named Pitu Oeste, will be drilled 52 km from the coast in block BM-POT-17, with operations planned to start in October or November, and the second well, Anhanga, will be drilled nearby. The approval to drill in the area came as Petrobras ( PBR ) also bids to drill at the mouth of the Amazon river on the coast of northern Amapa state, a controversial topic that has divided President Luiz Inacio Lula da Silva's government. Separately, CEO Jean Paul Prates said Tuesday that Petrobras ( PBR ) will consider raising fuel prices at its refineries again before the year ends, but no final Show less Read more
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