Petrobras announces new oil discovery in Campos Basin offshore Brazil [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
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Source: Yahoo! Finance
This discovery was made in exploratory well 4-BRSA-1403D-RJS, located 108km from the shore of Campos dos Goytacazes in the state of Rio de Janeiro, at a water depth of 734m. The drilling of the well has concluded, with the oil-bearing interval confirmed through electrical logs, gas shows and fluid sampling. Petrobras plans to send the samples from the exploratory well for laboratory analysis. This will enable further characterisation of the reservoir and fluid conditions and allow for the continuation of the potential evaluation of the area. The Sudoeste de Tartaruga Verde block was acquired in September 2018 during the 5th Production Sharing Round, with Pré-Sal Petróleo acting as the manager. Petrobras is the operator of the block with 100% participation. In March this year, Petrobras announced the discovery of hydrocarbons in the pre-salt layer of the Campos Basin in the Brava North block. The presence of hydrocarbons was identified in exploratory well 1-BRSA-1394-RJS
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