Regulatory News

Petrobras said it found light oil (good quality) in a reservoir below the salt layer in the Santos Basin, 270 kilometers off the coast of São Paulo. The well is operated by a consortium formed by Petrobras (45%), Britain's BG (30%) and Spain's Repsol (25%).

According to the statement made ​​by the consortium last week, new tests have already begun in that subsalt region to assess the size of the reserve and to estimate the volume of oil that can be extracted.

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