Petrobras makes oil discovery in Brazil's pre-salt area (NYSE:PBR) - Seeking Alpha
Petrobras makes oil discovery in Brazil's pre-salt area (NYSE:PBR) | Seeking Alpha
Petrobras makes oil discovery in Brazil's pre-salt area
May 17, 2023 2:19 PM ET Petróleo Brasileiro S.A. - Petrobras (PBR) By: Carl Surran, SA News Editor 12 Comments NiseriN/iStock via Getty Images
Petrobras (NYSE: PBR) said Wednesday it has identified the presence of hydrocarbons at an appraisal well being drilled in the Aram pre-salt area in Brazil's offshore Santos basin, and is working to determine if the find is economically viable.
The samples taken from the well will be analyzed for further information but appeared to be of excellent quality with low levels of contaminants, the company said.
Petrobras ( PBR) is drilling the Curacao appraisal well in roughly 1.2 miles of water.
Petrobras ( PBR) said the Aram block is an important target for exploration of the remaining potential of Brazil's rich offshore pre-salt fields.
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