Petrobras Hits Oil Pay in Santos Basin

Petrobras has made an oil discovery, about 26 degrees API, in Block BM-S-10 in the Santos Basin, offshore Brazil.

The discovery well 4-BRSA-818 (4-RJS-668), known as Macunaima, is located in a water depth of 7,001 feet (2,134 meters), and is located 152 miles (244 kilometers) off the coast of Rio de Janeiro.

The operator will further evaluate the discovery. Petrobras, operator, holds a 65% interest in the block; BG Group holds 25%; and Partex holds 10%.

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