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Petrobras Finds Oil in Fazenda Panelas Field of Reconcavo Basin

May 1 (Bloomberg) -- Petroleo Brasileiro, 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.

Link to Company News:{PETR4 BZ <Equity> CN <GO>}

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

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