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Petrobras Foz do Amazonas Oil Find Could Avert Brazilian Reserve Decline
Valor Econômico·BR·about 12 hours ago
President Lula stated at an event in Pará that Petrobras is drilling for oil at 7,000 meters depth and that a Japanese drilling rig will be brought in soon. This signals continued expansion of Brazil's ultra-deepwater exploration, though specifics on the rig contract and timeline remain unclear.
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