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Petrobras Confirms Pitu Oil Discovery

Petrobras, Brazil’s national oil company, has confirmed the presence of oil in the Pitu area, offshore Brazil.

According to the oil giant, the confirmation was made by drilling an extension well, the Pitu North, in the deep waters of the Potiguar Basin. The original Pitu discovery was announced in December 2013.

The discovery was proved through profile analysis and pre-test results, with fluid samples obtained from the well to be subsequently submitted to laboratory analysis.

Petrobras (40% interest) is the operator of the B-POT-17 concession, in partnership with BP (40%) and Petrogal (20%).