Petrobras Makes Discovery Offshore Brazil

Petrobras has made an oil discovery offshore Sergipe State, Brazil. The well discovered 456 degree API crude and is located in the SEAL-100 block approximately 18 miles offshore in 3,777 feet of water. Another discovery was made earlier this year in this block and preliminary estimates say both wells could contain as much as 1.9 billion barrels of oil. Since 1998, Petrobras has made four discoveries on this block.