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Petrobras Reports Successful Gas Test in Colombian Waters

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Petrobras Reports Successful Gas Test in Colombian Waters

Petroleo Brasileiro SA- Petrobras ( (PBR) ) has provided an update.

On March 10, 2025, Petrobras announced the successful completion of a Drill Stem Test (DST) in the Sirius-2 well, located in deep waters off the coast of Colombia. The test, which evaluated a 100-meter reservoir interval, demonstrated good productivity and reinforced the region’s gas potential. Petrobras, through its subsidiary PIB-COL, operates the consortium with a 44.44% share alongside Ecopetrol. This development is part of Petrobras’ strategy to replenish oil and gas reserves, ensuring energy demands are met during the transition to sustainable energy sources.

More about Petroleo Brasileiro SA- Petrobras

Petrobras, formally known as Petróleo Brasileiro S.A., is a Brazilian petroleum corporation primarily engaged in the exploration, production, refining, and transportation of oil and gas. The company operates globally with a significant focus on expanding its reserves through exploration in new frontiers, aligning with the energy transition demands.

YTD Price Performance: -2.04%

Average Trading Volume: 14,855,591

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $79.89B

For a thorough assessment of PBR stock, go to TipRanks’ Stock Analysis page.

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