Petrobras said it made a new oil discovery at an exploration well in the pre-salt Santos Basin off the coast of Brazil.

In March, Petrobras reported that it had identified signs of oil in well 4-BRSA-1395-SPS, at a water depth of 1,759 meters and 245 kilometers from the city of Santos. "The company will now begin the ...

Brazil's Petrobras has identified oil "of excellent quality and without contaminants" in an exploratory well at the pre-salt ...