Petrobras (PBR +1.7%) declares two oil fields in the Campos Basin offshore Brazil holding an...

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

Petrobras (PBR +1.7%) declares two oil fields in the Campos Basin offshore Brazil holding an estimated 350M barrels of oil commercially viable. But the fields are unlikely to help PBR shake off its recent production troubles, as they aren't expected to start producing crude oil until 2017, with initial development part of the company's $237B investment plan for 2012-16.