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Brazil: Petrobras Discovers Hydrocarbons in Campos Basin

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Petroleo Brasileiro SA , Brazil’s state-controlled oil company, found traces of oil and gas in an offshore well in the C-M-95 block of the country’s Campos Basin.

The discovery in well 3BRSA960DRJS hasn’t yet been declared commercially viable, according to a posting on the website of Brazil’s National Petroleum Agency.

Petrobras owns 100 percent of the well.

By Karen Eeuwens (Bloomberg)

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