Brazil's Petrobras Finds New Oil In Offshore Florim, Iara Fields


RIO DE JANEIRO, March 7 (Reuters) - Brazil's state-run oil company, Petroleo Brasileiro SA, said on Friday that it had discovered new, good-quality oil deposits in the so-called sub-salt region.

The company, known as Petrobras, said the discovery was made in the Florim and Iara fields in the offshore Santos basin. Petrobras expects to continue exploration around the two wells until September.

(Reporting by Paulo Prada. Editing by Andre Grenon)

Copyright 2016 Thomson Reuters. Click for Restrictions.


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