Petrobras Strikes More Oil in Ultra-Deep Waters Off Brazil

Petrobras has identified another oil-bearing interval in the Morpho well in ultra-deep waters off Brazil's Amapá coast, marking the third oil discovery in block FZA-M-59, the company announced on October 29.

The latest discovery was confirmed following continued evaluation of other intervals of interest after previous discoveries announced in August and early October 2026.

The Morpho well is located in water depths of 2,886 meters, with drilling and geological data acquisition now completed.

Petrobras said the only remaining operation at the well is abandonment, after which the drilling rig will move to the Potiguar Basin, off the coast of Rio Grande do Norte, to begin drilling at the Mãe de Ouro location.

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