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Brazilian oil giant Petrobras (PBR +0.6%) announces a fresh oil discovery in the Santos Basin,...
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Tuesday, September 15, 2009, 9:55 AM ETBrazilian oil giant Petrobras (PBR +0.6%) announces a fresh oil discovery in the Santos Basin, under waters more than a mile deep. Analysts say it's too early to quantify the find given its depth, "but today's news is clearly a positive" for PBR and its partners Repsol (REP +1%) and BG Group (BRGYY.PK +1%), "and lends proof to the view that this is a prolific area."
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