Bloomberg News

Petrobras Says It Discovered Oil and Gas in Solimoes Basin

February 03, 2012

Feb. 3 (Bloomberg) -- Petroleo Brasileiro SA discovered oil and gas deposits in the Solimoes Basin, according to a statement today to the nation’s securities regulator.

Tests show the exploratory SOL-T-171 block has potential output of 1,400 daily barrels of “good quality” oil and 45,000 cubic meters of gas in the Jurua formation, Petrobras said.

To contact the reporter on this story: Taís Fuoco in Sao Paulo at tfuoco1@bloomberg.net

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


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