Oil & Gas: Petrobras discovers more oil in state of Espírito Santo

July, 15
Rio de Janeiro – Brazilian state-owned oil company Petrobras announced yesterday (14), in a press release, that it has notified the National Petroleum, Natural Gas and Biofuel Agency (ANP) about the discovery of a new high-quality oil producing area in the Basin of Espírito Santo (SE Brazil).
According to Petrobras, the discovery was made within the area of the Golfinho field, 60 kilometres away from state capital Vitória, at a depth of 1,374 metres.
"Initial estimates point to a potential of 150 million barrels of recoverable oil," the company stated in the release.
To the state-owned company, the finding "opens up new vistas with regard to exploration in the area, and has the advantage of being located near the infrastructure already installed at the Golfinho Field." The company believes that the new area may become operational soon.
Source: http://www.anba.com.br/noticia_petroleoegas.kmf?cod=7508513