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Posted on January 30, 2012
Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil company, found traces of oil in an onshore well in the POT-T-609 block of the country’s Potiguar Basin.
The discovery in well 1BRSA1038RN hasn’t yet been declared commercially viable, according to a posting on the website of Brazil’s National Petroleum Agency.
Petrobras last week said it discovered oil in the 1BRSA1034RN well in the same block.
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