BRASILIA Jan 2 Brazil's state-led oil company
Petrobras said on Wednesday it found more good
quality oil in a deepwater field, raising the output potential
in one of the world's most promising oil frontiers.
Petrobras said it found a 471-meter (1,545-foot) column of
hydrocarbons after it concluded drilling at the 4-SPS-86B well,
know as Carcara, located in the BM-S-8 block off the Santos
basin, according to a securities filing. Petrobras is the
operator of the area, which is also partly owned by Petrogal
Brasil, Barra Energia do Brasil Petróleo e Gás Ltda. and Queiroz
Galvão Exploração e Produção S.A.
Petrobras said the oil discovered is of a relatively light
grade of crude of 31 degrees on the American Petroleum Institute
Petrobras and its partners asked the national oil regulator
to extend the period to evaluate the discovery located at the
Bem-te-vi area, the company said in the filling. The evaluation
period was due to expire at the end of 2012.