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[BUSINESS] · Brazil · 74 sources

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Petrobras discovers third oil reservoir in Foz do Amazonas

Petrobras has confirmed a third oil discovery at the Morpho well within the FZA-M-59 block, located in the ultra-deep waters of the Foz do Amazonas basin off the coast of Amapá, Brazil. The discovery, made at a water depth of 2,886 meters, follows previous findings in the same well in August and early October 2026.

Petrobras President Magda Chambriard stated that the technical results increase optimism regarding the exploratory potential of the Equatorial Margin. The company has completed drilling and geological data collection at the site and will now proceed with well abandonment procedures. Following this, the drilling rig is scheduled to move to the Potiguar basin off the coast of Rio Grande do Norte to begin drilling the Mãe de Ouro well.

Separately, Petrobras reported record production for the third quarter of 2026, reaching 3.512 million barrels of oil equivalent per day (MMboed). This represents an 11.7% increase compared to the third quarter of 2025. The growth was driven by improved operational efficiency and the ramp-up of several FPSOs, including the Alexandre de Gusmão in the Mero field.

Entities

Amapá · Bacia de Campos · Búzios field · Davi Alcolumbre · Equatorial Margin · Foz do Amazonas · Magda Chambriard · Mero Field · Petrobras · Rio Grande do Norte · Santos Basin · Sylvia Anjos

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