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Petroleo Brasileiro SA. (Exploration).(discovers oil in offshore Brazil)(Brief Article)
Petroleo Brasileiro SA (Petrobras) has made oil discovery on the BC-60 Block in the northern Campos basin, off the southern coast of the Brazilian state of Espirito Santo, 10 km from the recently discovered Jubarte field. The 1-ESS-116 wildcat was drilled 76 km offshore in 1,478 m of water, encountering a 60 m thick, saturated 19[degrees] gravity oil-bearing formation. Area geological studies indicate postulated reserves of 300 million hoe. Combined with the …
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