🕐17.04.15 - 02:27 Uhr

PETROBRAS - PRESS RELEASE:=?UTF-8?Q20ONSHORE=20OIL=20DISCOVER Y IN ESPÍRITO SANTO BASIN



 
 

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  Petrobras www.petrobras.com.br/ir  
 
Petrobras
 
  Onshore oil discovery in Espírito Santo Basin
 
 

Rio de Janeiro, April 16, 2015 – Petróleo Brasileiro S.A.

– Petrobras announces the discovery of an onshore oil accumulation in Espírito Santo Basin.

The discovery was made by drilling wild cat well 1-BRSA-1302-ES (ANP nomenclature), informally known as Guayacan.

This well comprises the Discovery Evaluation Plan (PAD) of Tabebuia and is located some 120 km from the city of Vitória.

Reservoirs are located at 711 meters deep and well drilling reached 1,312 meters.

Petrobras is the operator and detains 100% of exploratory block ES-T-495.

The discovery will be evaluated by formation tests, as part of the Evaluation Plan’s exploratory program.
 

 


 

 
 
 
Petrobras | Investor Relations Departament www.petrobras.com.br/ir
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This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties.

The forward-looking statements, which address the Company’s expected business and financial performance, among other matters, contain words such as “believe,” “expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

There is no assurance that the expected events, trends or results will actually occur.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

The Company’s actual results could differ materially from those expressed or forecast in any forward-looking statements as a result of a variety of assumptions and factors.

These factors include, but are not limited to, the following: (i) failure to comply with laws or regulations, including fraudulent activity, corruption, and bribery; (ii) the outcome of ongoing corruption investigations and any new facts or information that may arise in relation to the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk management policies and procedures, including operational risk; and (iv) litigation, such as class actions or proceedings brought by governmental and regulatory agencies.  A description of other factors can be found in the Company’s Annual Report on Form 20-F for the year ended December 31, 2013, and the Company’s other filings with the U.S.

Securities and Exchange Commission.

 
 

 




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