Brazil's Petrobras (PBR) reportedly makes "one of the most significant oil discoveries" in the...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Brazil's Petrobras (PBR) reportedly makes "one of the most significant oil discoveries" in the country's offshore subsalt area, potentially as big as the Lula field which holds ~8.3B barrels of oil and natural gas. PBR's Carcara prospect has shown 400 meters - a column "among the biggest ever found in the subsalt" - of continuous and connected oil reserves with excellent porosity and permeability.