Petrobras executive says Foz do Amazonas discovery yielded very high-quality oil
Petrobras executive says Foz do Amazonas discovery yielded very high-quality oil By Rodrigo Viga Gaier
RIO DE JANEIRO, Sept 21 (Reuters) - Brazilian state-run oil company Petrobras' PETR3.SA analysis of oil discovered at the Morpho exploration well in the offshore Foz do Amazonas basin showed it to be "very high quality" crude, an executive told Reuters on Monday.
The crude found at the well could prove superior to oil produced from Brazil's prolific pre-salt fields, Petrobras' director of engineering, technology and innovation, Renata Baruzzi, said on the sidelines of an event in Rio de Janeiro.
Baruzzi added that Petrobras expects an exploration campaign at nearby wells to begin next year. The area is part of Brazil's Equatorial Margin, which the company considers its most promising exploration frontier.
(Reporting by Rodrigo Viga Gaier; Writing by Isabel Teles; Editing by Gabriel Araujo)
((isabel.teles@thomsonreuters.com; +55 11 91033 3602))
Recent news on Petroleo Brasileiro SA Petrobras
See all newsBrief: Petrobras receives 2.8 billion reais related to Brazil gasoline, diesel subsidy
Brief: Petrobras to receive $859 million after equalization agreements over Berbigao, Sururu
Brief: Oceanica signs 354 million-real contract to provide services to Petrobras
Brazil's Flavio Bolsonaro vows to keep pension increases above inflation rate
Brazil's Petrobras secures 12 blocks auctioned in Campos basin for $592 million