Petrobras finds oil at Campos, Santos Basin wells

RIO DE JANEIRO: Petrobras has found traces of oil in well 1-BRSA-724-ESS on Block BM-C-25 in the Campos Basin offshore Brazil.

The well is in around 1,180 meters (3,870 ft) of water and was drilled by Schahin drillship SC Lancer.Shell recently sold its 43 percent stake in the block to Petrobras, giving the Brazilian company a 100 percent interest. Petrobras has also found indications of oil at well 4-BRSA-708-SPS on Block BM-S-3 in the Santos Basin. The well was drilled by in 149 meters (488 ft) of water. Both finds were reported to Brazilian regulatory agency Agencia Nacional do Petroleo, Gas Naturel e Biocombustiveis (ANP).

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