Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Economy / Brazil

Shallow Waters Yield Light Crude For Petrobras In The Santos Basin

May 2008 | Industry News

Brazil's state-run oil company Petrobras has announced the discovery of light crude oil in the shallow waters of the Santos Basin off the coast of São Paulo state. Petrobras said flow tests have suggested potential production of more than 12,000 barrels per day (b/d).

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