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Brazil: New oil discovery announced offshore

Brazil's national oil company, Petrobras, and its partners announced a new oil discovery in the northwest of the Sépia field, about 250 kilometers south of the coast of Rio de Janeiro.

The companies are expected to continue operations to characterize the discovery conditions and confirm their extent.

The discovery was made through the drilling of the Pedunculo 4-BRSA-1386D-RJS well. It was opened in late July 2022 and was drilled to a depth of about 2,200 meters.

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