Petrobras Makes Two Discoveries Offshore Brazil

Petrobras has made two discoveries offshore Brazil. The first discovery was natural gas is located in BS-400 in approximately 1,591 feet of water. Oil was discovered in BC-50 in the Campos Basin area in approximately 3,517 feet of water. Information was not immediately available on the size of the discoveries, however, tests showed that the oil was rated at 14 degree API.
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Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
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