New light oil and natural gas deposits in Brazil

Source: Marketwatch

Petroleo Brasileiro SA announced it found new light oil and natural gas deposits in Espirito Santo state. Preliminary analysis determined the natural gas and oil of premium quality and the drilling will be continued to the depth of 6,100 meters to check deeper formations, said the company. Petrobras did not announce the estimated volume of the resources' deposits.

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Tue, 03 Jan 2012 12:16:49 GMT

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