Petrobras makes another oil discovery in Brazil's Foz do Amazonas basin
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Petrobras (PBR) said Friday it made another oil discovery in ultra-deep waters off Amapá state, strengthening indications of hydrocarbon potential along Brazil's Equatorial Margin.
The latest find follows a discovery in August, when Petrobras (PBR) first identified the presence of oil and natural gas at the Morpho exploration well in Block FZA-M-59 in the Foz do Amazonas Basin; the oil found in August was of good quality, the company said.
"The new discovery expands knowledge about the exploration potential of the area and will provide additional information for assessing the petroleum systems and resource potential of the Foz do Amazonas sedimentary basin," Petrobras (PBR) said.
The continued drilling of Morpho was aimed at evaluating deeper exploration intervals and led to this new discovery, the company added.
Petrobras (PBR) said recently it plans to drill three new wells in the area starting in January to determine the viability of commercial production in the environmentally-sensitive region.
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