Petrobras confirms light oil find

Offshore staff

RIO DE JANEIRO, Brazil –Petróleo Brasileiro SA's recent discovery in block BM-S-40 is confirmed to be light oil at 36º API.

Petrobras confirmed this by formation testing at 2,080 m (6,824 ft) with potential flow exceeding 12,000 b/d.

Petrobras says it plans to drill another exploration well immediately.

05/30/2008