Petrobras announces fourth oil find in Santos Basin

09/14/2009 | Wall Street Journal, The

Brazil's Petrobras said it discovered its fourth oil and natural gas find in the Santos Basin offshore block. The state-run company said it discovered trace amounts of oil and natural gas in the Abare Oeste prospect in about 7,100 feet of water and a total depth of nearly 17,000 feet. Petrobras operates the block with a 45% interest, while BG Group and Spanish firm Repsol control the rest.

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