Another Offshore Find for Petrobras

Another Offshore Find for Petrobras

Brazil’s Petrobras continues its recent string of oil discoveries. A test well in the prolific offshore Santos Basin confirmed the presence of light oil.

Unlike other recent offshore discoveries that lie in very deep water, this one is in the relatively shallow waters in the southern part of the basin and may not be as difficult to access.

Petrobras thinks potential production could be more than 12,000 barrels a day per well. Further exploratory drilling is planned in June.

The test well was drilled about 170 miles off the coast of Sao Paulo state. The discovery more than a mile below the ocean and seabed.

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