Petrobras (PBR) finishes drilling on the promising Carcara deepwater oil discovery but does not...

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

Petrobras (PBR) finishes drilling on the promising Carcara deepwater oil discovery but does not disclose an estimate for the find. Drilling was concluded before reaching the 7K meter target depth because of operational issues. Carcara has generated industry excitement because it's among the thickest reservoirs ever discovered in Brazil's offshore subsalt region.