Petrobras announces new subsalt find in Santos Basin
SAO PAULO Feb 20 (Reuters) - Brazil's state-led oil company Petrobras said on Wednesday it had made a new discovery of "good quality" oil in an area ceded by the government late in 2010, according to a securities filing.
The discovery in a part of the Santos Basin known as Florim contained oil registering 29 degrees on the American Petroleum Institute scale, directly beneath a deap-sea salt bed. Petrobras got access to the block in October 2010 by paying for the right to explore as many as 5 billion barrels of subsalt oil.
- Man called Bitcoin's father denies ties, leads LA car chase
- Ukraine standoff intensifies, Russia says sanctions will 'boomerang' |
- Florida mayor fights backyard gun ranges in 'Gunshine State'
- Apple loses bid for U.S. ban on Samsung smartphone sales
- 'Everything is fine', Pistorius told guard after shooting girlfriend |