Petrobras is drilling one exploratory well on the property and expects results "within a year," according to the email, which came from the press office.
"The drilling of this well indicates an exploratory prospect with a potential to reach 700Mb," according to Petrobras, which cautioned the figure is not a firm reserve estimate.
Petrobras produces some 51,000b/d in Colombia, where it first started E&P work in 1972.
Petrobras invested US$637mn in the country from 1986-2005 and will direct 93% of its US$150mn, 2006 budget for Colombia to E&P.
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