New Wave Media

March 7, 2014

Petrobras Finds New Oil in Offshore Florim, Lara Fields

Reuters - Brazil's state-run oil company, Petroleo Brasileiro SA, said on Friday that it had discovered new, good-quality oil deposits in the so-called sub-salt region.

Petrobras, said the discovery was made in the Florim and Iara fields in the offshore Santos basin. Petrobras expects to continue exploration around the two wells until September.

(Reporting by Paulo Prada. Editing by Andre Grenon)

PetrobrasPetroleo Brasileiro SABrazil