ADVFN - Advanced Financial Network.
HOME» NYSE » P » PBR Stock Price » PBR Stock News

Petroleo Brasileiro Share News

 Petroleo Brasileiro S.a. Stock Price
PBR Stock Price
 Petroleo Brasileiro S.a. Stock Chart
PBR Stock Chart
 Petroleo Brasileiro S.a. Stock News
PBR Stock News
 Petroleo Brasileiro S.a. Company Information
PBR Company Information
 Petroleo Brasileiro S.a. Stock Trades
PBR Stock Trades

Brazil's Petrobras Completes Rights-Area Well, Makes Ceara Find

RIO DE JANEIRO--Brazilian state-run energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday it had completed drilling a third offshore well in one of the areas transferred to the company from the government in 2010. Petrobras said a 93-meter column of oil was discovered in the well drilled in the Sul de Guara area, south of the Sapinhoa pre-salt oil field that was declared commercial late last year. The company made a preliminary disclosure about the oil discovery in June. The reservoir tapped by the well contained high-quality light oil rated 27 degrees on the American Petroleum Institute's grading scale. The transfer-rights area is an important part of Petrobras's development of the Santos Basin pre-salt region, a cluster of oil discoveries made under a thick layer of salt more than four miles below the ocean's surface. As part of the company's 2010 share offer and capitalization, the government gave Petrobras the right to produce up to five billion barrels of crude oil from highly prospective areas close to the original pre-salt finds. The Sul de Guara well was part of the obligatory-exploration program, which should be concluded by September 2014, Petrobras said. In addition, Petrobras said late Tuesday that it discovered oil in a deep-water offshore well drilled in the Ceara Basin off Brazil's northeast coast. The Pecem well was drilled in the BM-CE-2 block, which Petrobras operates with a 60% stake. The local unit of U.K. oil major BP PLC (BP, BP.LN), BP Energy do Brasil Ltda., holds the remaining 40%. Drilling at the well will continue to a targeted depth of 5,500 meters, Petrobras said. Write to Jeff Fick at jeff.fick@dowjones.com. Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Petroleo Brasileiro (PBR)
DateTimeHeadline
05/19/201519:50:10China Premier Unveils Financing, Trade Pacts in Brazil
05/19/201519:20:25China Premier Li Unveils Billions of Dollars in Financing, Trade...
05/19/201518:14:17ADRs End Lower; Vodafone Edges Down
05/19/201510:51:05OAS Bondholder Fight Spills Into New York Bankruptcy Court
05/18/201512:00:08Brazil's Petrobras Approves Sale of $1 Billion in Debentures
05/18/201511:30:10Brazil's Itaú Unibanco Plans 3-Year Overseas Bond Issue
05/18/201511:24:43Brazil's Itau Unibanco Plans 3-Year Overseas Bond Issue -- Update
05/15/201522:41:08
05/14/201521:50:32Brazilian President Stands by Oil Rules
05/14/201519:00:35Former Lawmakers Charged in Petrobras
05/14/201515:00:09ICBC to Fund Brazilian Infrastructure Investments
05/14/201514:41:09China's ICBC to Fund Brazilian Infrastructure Investments
05/13/201507:10:02How Foreign Exchange Risk Affects Oil Stocks
05/10/201510:00:02Big Oil Dividend Stocks: 1 Value Trap to Avoid Like the Plague...
05/05/201520:12:52Petroleo Brasileiro Petrobras SA Downgraded by Vetr Inc. (PBR)
05/05/201511:43:25TheStreet Reiterates Sell Rating for Petroleo Brasileiro Petrobras...
04/30/201516:30:36Brazil's Petrobras Confirms New Board Members -- Update
04/30/201508:30:19Brazil's Petrobras Confirms New Board Members
04/30/201508:11:51Brazil's Petrobras Confirms New Board Members
04/28/201520:19:50Petroleo Brasileiro Petrobras SA Stock Rating Upgraded by Vetr...

Petroleo Brasileiro and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad