PETROBRAS & ONGC FIND GAS
Brazil's state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.
Petrobras, as the company is known, owns 75 percent and its Indian partner Oil and Natural Gas Corp 25 percent of the discovery.
The discovery was made in an extension well being used to evaluate the Poco Verde prospect in the BM-SEAL-4 block. The well was drilled in 2,196 meters of water 58 kilometers off the coast of Aracaju, the capital of Brazil's Sergipe state.
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