Petrobras Confirms Oil Discovery in Espirito Santo Basin
by Dow Jones Newswires
|Wednesday, July 11, 2012
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.
More from this Author
Most Popular Articles