Petrobras Spies Traces of Gas Offshore Brazil

In a routine disclosure to Brazil's National Petroleum Agency (ANP) late Thursday, Petrobras reported traces of gas at exploration well 1-BRSA-783A-ESS, offshore Brazil.

Situated in the ES-M-468 block off the coast of Espirito Santo State, the exploration well was drilled by Transocean's GSF Celtic Sea semisub in a water depth of 1,472 meters (roughly 4,829 feet).

According to the ANP, the concessionaire under contract is required to inform the ANP of any discovery of petroleum or other mineral resources within the concession area within 72 hours of the event. However, a disclosure does not indicate whether the find is commercially viable or not.

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