Petrobras (PBR) reports an "important" new oil discovery in the ultra-deepwater Sergipe-Alagoas...

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

Petrobras (PBR) reports an "important" new oil discovery in the ultra-deepwater Sergipe-Alagoas basin off Brazil, marking its fourth find in the prolific play this year. PBR does not provide an estimate of the reserve's production potential but says pressure tests of the reservoir indicate it contains light oil.