Petrobras Reports Offshore Oil, Gas Find in Potiguar Basin

Petrobras notified Brazil's National Petroleum Agency (ANP) late Tuesday of an oil and gas find in the offshore BM-POT-11 block in the Potiguar Basin.

Drilled by Petrobras V jackup to a target depth of 3,515 meters, the 1BRSA710RNS well encountered oil and gas shows; however the find does not indicate commercial viability until the exploratory well is appraised and tested.

According to state-run Petrobras, any oil company operating in Brazil must inform the ANP of any oil, gas or hydrocarbon find within 72 hours.

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