State-owned Brazilian company Petroleo Brasileiro (Petrobras) and Galp Energia have made an oil discovery.
The discovery was made on Block BM-S-11 in the presalt layers of the Santos basin off Brazil. Informally known as lara, the 1-BRSA-618-RJS discovery well, was drilled 230km off Rio de Janeiro in 2,230 metres of water.
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