Bloomberg News

Petrobras Finds Traces of Oil, Gas in Brazil’s Reconcavo Basin

December 20, 2011

Dec. 20 (Bloomberg) -- Petroleo Brasileiro SA, Brazil’s state-controlled oil company, found traces of oil and natural gas in an onshore well in the Fazenda Panelas field of the country’s Reconcavo Basin.

The discovery in well 4BRSA1014DBA hasn’t yet been declared commercially viable, according to a posting on the website of Brazil’s National Petroleum Agency.

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

To contact the editor responsible for this story: Karen Eeuwens at keeuwens@bloomberg.net


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