Petrobras announces new oil discovery in Santos Basin
BY JEFFREY T. LEWIS
SAO PAULO -- Petroleo Brasileiro SA said Wednesday it had discovered a new deposit of oil in the so-called presalt area of the Santos Basin.
The well is designated 3-SPS-101 (3-BRSA-1179-SPS) and is located in the BM-S-9 block, under 2,158 meters (1.3 miles) of water.
The oil found had an API gravity of 20 degrees, the company said in a note.
Dow Jones Newswires