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Petrobras Confirms New Oil Discovery in Búzios Field
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Petrobras Confirms New Oil Discovery in Búzios Field

Story Highlights
  • Petrobras discovered new oil reserves in the Búzios field off Rio de Janeiro.
  • The discovery highlights the pre-salt potential, with further analysis planned by the consortium.
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An update from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available.

On February 14, 2025, Petrobras announced a significant oil discovery in the Búzios field, located 189 kilometers off the coast of Rio de Janeiro. The newly discovered accumulation lies below the main reservoir, reaffirming the pre-salt potential of the area. The company, as the leading operator in the Búzios Shared Reservoir Consortium, alongside partners CNOOC and CNPC, will analyze the findings to continue development in the region.

More about Petroleo Brasileiro SA- Petrobras

Petrobras, officially known as Petróleo Brasileiro S.A., is a Brazilian petroleum corporation focusing on oil and gas exploration, production, refining, and energy. It operates primarily in the Brazilian market, with a significant emphasis on pre-salt oil fields.

YTD Price Performance: 3.55%

Average Trading Volume: 13,788,182

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $84.34B

For detailed information about PBR stock, go to TipRanks’ Stock Analysis page.

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