Petrobras Confirms New Oil Find Off Rio De Janeiro Coast

Petrobras Confirms New Oil Find Off Rio de Janeiro Coast

Brazil · Business Key Facts —Location. Sudoeste de Tartaruga Verde block, Campos Basin, about 108 km off the coast of Rio de Janeiro state. —Well designation. 4-BRSA-140D-RJS, drilled in a water depth of 734 meters. —Operator stake. Petrobras holds a 100 percent operating stake in the block. —Reservoir type. A post-salt find, distinct from the […] The post Petrobras Confirms New Oil Find Off Rio de Janeiro Coast appeared first on The Rio Times.

Arthur Eze's Oranto, Petrobras bid for São Tomé oil blocks

São Tomé and Príncipe has cancelled the results of its 2026 offshore licensing round after the auction drew only two bidders, Brazil's state oil company Petrobras and Oranto Petroleum, the exploration firm controlled by Nigerian billionaire Arthur Eze.The island nation's National Petroleum Agency scrapped the process for three offshore blocks after concluding that the absence of competing bids made it impossible to establish fair market value. T…