Bloomberg News

Petrobras Says Guara Area May Hold 2.1 Billion Barrels of Crude

December 30, 2011

Dec. 29 (Bloomberg) -- Petroleo Brasileiro SA said it petitioned the National Petroleum Agency to exploit oil reserves in the Guara area in the pre-salt Santos basin.

The area is estimated to have recoverable crude reserves of about 2.1 billion barrels, according to a statement today to the nation’s securities regulator.

To contact the reporter on this story: Felipe Frisch in Sao Paulo at ffrisch1@bloomberg.net

To contact the editor responsible for this story: Jonathan Roeder at jroeder@bloomberg.net


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