Brazil Petrobras Discovers Oil in BT-POT-4 Land Block

RIO DE JANEIRO (Dow Jones Newswires), July 10, 2008

Brazilian state-run energy giant Petroleo Brasileiro (PBR), or Petrobras, notified the country's National Petroleum Agency, or ANP, of two recent oil discoveries in Northeast Brazil, according to the ANP's Web site.

In a routine filing with the ANP, Petrobras said that it had discovered oil in two land blocks in Rio Grande do Norte and Bahia states. Wells drilled in the BT-POT-4 block in Rio Grande do Norte and the REC-T-31 block in Bahia both showed indications of oil. The filing didn't provide any details about reserve estimates or commercial viability. In addition, no details about the oil's weight on the American Petroleum Institute's grading scale were provided. Oil companies operating in Brazil are required to inform the ANP if any exploratory wells hit oil or gas.

Copyright (c) 2008 Dow Jones & Company, Inc.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Geologist / Environmental Engineer
Expertise: Environmental Engineer|Geologist
Location: Atlanta, GA
United States Houston: Principal II - DES
Expertise: Design Engineer|Drilling Engineering
Location: Houston, TX
Sr Reservoir / Production Engineer - Field Engineering
Expertise: Production Engineering
Location: Platteville, CO
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours