Petrobras announces new oil and gas discoveries

Petrobras has discovered a new oil and gas accumulation in the Amazon Basin, in block AM-T-84. Preliminary well tests have confirmed the presence of light oil (API 47°) and gas in arenaceous reservoirs, extending from 1,350 metres to 1,900 metres deep. Petrobras is the operator of the concession (60%), in partnership with Petrogal Brasil (40%). The company has also discovered an onshore oil accumulation in the Espírito Santo Basin, in block ES-T-495.