Business UpdateOct 30, 2026, 06:06 AM
Petrobras Announces Third Oil Discovery in Amapá
AI Summary
Petrobras announced the completion of drilling and confirmation of another oil discovery in the Morpho well, located in ultra-deep waters off the coast of Amapá. This marks the third discovery in block FZA-M-59. The company has completed drilling and data acquisition for the well and will proceed to the Potiguar Basin for further exploration. This discovery supports Petrobras' long-term strategy of reserve replenishment.
Key Highlights
- Petrobras confirms a new oil-bearing interval in the Morpho well, marking the third discovery in block FZA-M-59.
- The discovery is located in ultra-deep waters off the coast of Amapá, Brazil, at a water depth of 2,886 meters.
- Drilling and geological data acquisition for the Morpho well have been completed.
- The rig will move to the Potiguar Basin to begin drilling at the Mãe de Ouro location after well abandonment.
- Activities in block FZA-M-59 align with Petrobras' strategy to replenish oil and gas reserves through exploration.
Price Impact
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