Brazil's Petrobras: Light Oil Discovered South Of Santos Basin

Petroleo Brasileiro SA, or Petrobras, on Tuesday said it has confirmed the presence of light oil in a well drilled to the south of the Santos basin.
The well is located about 280 kilometers off the coast of the state of Sao Paulo, in a water depths of 400 meters, and the reservoir lies a further 2.2 kilometers below the seabed, Petrobras said.
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Source: Foxbusiness