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Submission + - Petrobras confirms major oil find off Brazil coast (google.com)

overmoderated writes: Brazil's state-owned energy giant Petrobras says it has confirmed the presence of significant quantities of light oil in deep waters off the country's southeastern coast.

The company said in a statement released late Monday that the high-grade oil was in the Carcara well, located 230 kilometers (140 miles) off the coast of the Sao Paulo state, in the BM-S-8 block.

The find had been announced March 20 and drilling has been underway since then to determine the total thickness of the oil reservoirs as well as the presence of deeper zones of interest.

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Petrobras confirms major oil find off Brazil coast

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