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Petrobras Makes Another Oil Discovery in Brazil's Foz Do Amazonas Basin

Summary by Forbes Brasil
Forbes, the world's most renowned business and economic magazine. Perforation in the FZA-M-59 block reveals new findings and broad expectations about oil production capacity in the North O post Petrobras (PETR4) Discover Second Oil Reservoir in the Amazon Basin apareceu primeiro em Forbes Brasil.

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Brazilian oil giant Petrobras' shares soared after it discovered a second oil field off the coast of the Amazon River.

·Türkiye
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Just under two months after the discovery of the first oil reservoir in the Amazon Basin of Foz, in the Equatorial Margin, Petrobras informed yesterday that it had identified the presence of oil in a second reservoir in the same well, which has been drilled for about a year. In addition, the National Petroleum, Natural Gas and Biofuels Agency (ANP) approved the delimitation of 501 new exploratory blocks in the high seas, distributed by 11 new se…

·Rio de Janeiro, Brazil
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Forbes, the world's most renowned business and economic magazine. Perforation in the FZA-M-59 block reveals new findings and broad expectations about oil production capacity in the North O post Petrobras (PETR4) Discover Second Oil Reservoir in the Amazon Basin apareceu primeiro em Forbes Brasil.

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Seeking Alpha broke the news in Ra'anana, Israel on Friday, October 2, 2026.
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