SAO PAULO, Sept 26 Brazilian state-run energy
company Petrobras (PETR4.SA)(PBR.N) said on Friday it struck
light oil south of the Santos basin in shallow waters above the
subsalt layer of the ocean floor.
The area where the find was made -- the BMS-40 block -- could contain up to
150 million barrels of recoverable oil equivalent, Petrobras said in a
"This find confirms the good light oil potential in the
shallow waters of that basin," the company said.
Petrobras had confirmed in May the presence of light oil in the block,
which is 100 percent owned by the Brazilian company. The new discovery is 5.8
miles (9.3 km) away from this first find.
Unlikely recent discoveries in the subsalt cluster at great
depths at sea, the find was made above the layer of salt about
6,758 feet (2,060 meters) under the ocean floor and at a water depth of 898
feet (274 meters), which should make future production easier.
It is located about 200 km off Sao Paulo state's coast.
(Reporting by Todd Benson and Inae Riveras, editing by Gene Ramos)