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Petroleo Brasileiro SA Petrobras | 6-K: Petrobras reports oil discovery in ultra-deep waters of the Potiguar Basin

SEC announcement · Apr 9 17:21

PBR +2.36%

Summary by Moomoo AI

Petroleo Brasileiro SA Petrobras announced on April 9, 2024, the discovery of a new oil accumulation in the ultra-deep waters of the Potiguar Basin, specifically in the Anhangá exploratory well of the POT-M-762_R15 Concession. Located between Ceará and Rio Grande do Norte, the well is the second significant find in the basin for the year, following the discovery at the Pitu Oeste Well. Petrobras, which operates both concessions with a 100% stake, highlighted the discovery's potential for enhancing its reserve replenishment and supporting global energy demands during the energy transition. The company emphasized the safe execution of its exploratory activities and its commitment to environmental respect. The discovery, featuring Albian-age turbidite reservoirs, will undergo further assessment to determine the quality and commercial viability of the reservoirs. Petrobras' strategic plan includes investing $7.5 billion in exploration by 2028, with $3.1 billion allocated to the Equatorial Margin, and drilling 50 new exploratory wells, 16 of which will be in the Equatorial Margin. The company's efforts align with Brazil's energy security and the just energy transition, aiming to prevent the country from becoming an oil importer by maintaining a diversified energy portfolio.

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This announcement is a separate document:

Doc 1

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