Petrobras Finds Oil in Fazenda Panelas Field of Reconcavo Basin
Petroleo Brasileiro (PETR4), Brazil’s state- controlled oil company, discovered traces of oil in an onshore well in the Fazenda Panelas field of the country’s Reconcavo Basin.
The discovery in well 3BRSA1066DPBA hasn’t yet been declared commercially viable, according to a posting on the website of Brazil’s National Petroleum Agency.
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