Petrobras Finds Gas in SF-T-112 Block of Sao Francisco Basin

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil company, found traces of natural gas in an onshore well in the SF-T-112 block of the country’s Sao Francisco Basin.

The discovery in well 1BRSA1005MG hasn’t yet been declared commercially viable, according to a posting on the website of Brazil’s National Petroleum Agency. Petrobras owns 100 percent of the block.

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