Petrobras Confirms Oil Discovery in Espirito Santo Basin
SAO PAULO - Brazil's state-run oil company Petroleo Brasileiro SA, or Petrobras, said Wednesday it discovered oil at an exploration block in the Espirito Santo offshore basin.
Petrobras said it struck low-quality heavy crude of around 15-degree API, in its ES-M-661 block, about 60 kilometers east of the city of Vitoria, capital of the southeastern Brazilian state of Espirito Santo.
Petrobras owns 70% of the exploration block, with IBV Brasil owning the remaining 30%, Petrobras said in an emailed statement.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 35 Offshore Rigs
Manages 12 Offshore Rigs
- Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad (Oct 04)
- Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role (Sep 29)
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)