RIO DE JANEIRO (Dow Jones)--Brazilian state-run energy giant Petrobras (PBR) has notified the National Petroleum Agency that it had discovered signs of oil and natural gas a second time at an inland exploration block.
Petrobras said late Thursday it found traces of oil and gas in a wildcat well drilled at the ES-T-505 inland block in the Espirito Santo Basin. The 4BRSA722ES well was drilled by the BCH Energy 1 rig at a target depth of 816 meters, according to drilling data.
Petrobras notified the ANP of a natural gas discovery in the same well on Monday.
Oil companies operating in Brazil must inform the ANP of indications of oil, gas or hydrocarbons in any exploratory well within 48 hours. The disclosures are routine, and do not indicate commercial viability.
http://online.wsj.com/article/BT-CO-20090417-712949.html
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