Petrobras Finds Oil on Brazil's Equatorial Margin, Off the Amapá Coast
20 Articles
20 Articles
Petrobras Finds Oil on Brazil's Equatorial Margin, off the Amapá Coast
Petrobras confirmed hydrocarbons in the Morpho well off Amapá on 14 August 2026, its first find in the Foz do Amazonas basin, but says it is too soon to know if the deepwater oil is commercial. The post Petrobras Finds Oil on Brazil’s Equatorial Margin, off the Amapá Coast appeared first on The Rio Times.
This megaproject, which has been controversial for several years, is supported by the left-wing president, Luiz Inacio Lula da Silva, who believes that his country needs oil revenues to finance its energy transition.
The Brazilian public company announced on Friday that it had found these clues in the context of an exploration contested by environmental defenders.
The state Petrobras announces the discovery of oil in the Foz do Amazonas basin
Petrobras announced on Friday (14) that it found traces of oil and natural gas in an exploratory well in the Amazon Basin, on the coast of Amapá. The discovery indicates that there are hydrocarbons in the region, but it still does not mean that there is a commercial reserve of oil. The well, called Morpho, is about 175 kilometers from the coast of Amapá and was drilled in deep waters, in a place where the sea is 2,886 meters deep. According to t…
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