Petrobras discovers excellent quality oil in Buzios and Albacora fields offshore Brazil

The Brazilian oil company has revealed it has made two new discoveries offshore Brazil, confirming
the presence of excellent quality oil.
The discoveries were made in the south-eastern area of the Buzios field in the Santos Basin and
and greater potential in the pre-salt of the Albacora field in Campos Basin.
According to tests done by the oil giant at a depth of 5,400 meters confirmed oil reservoirs of 208
meters at the drilled well.
Petrobras is the operator of the Búzios field with 90% stake while other partners include CNOOC
with 5% and CNODC 5%.