Bloomberg News

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

March 29, 2012

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil company, discovered traces of oil and natural gas in an onshore well in the CP block of the country’s Sergipe Basin.

The discovery in well 3BRSA1058SE 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: Leonardo Lara at llara1@bloomberg.net


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