"There Is Oil, but We Don't Know How Much," Petrobras President Says about Amazon Basin Discovery
Petrobras confirmed the discovery of oil in the Morpho well, in the mouth of the Amazon basin, off the coast of Amap�. "There is oil and there is a discovery; we still don't know how much, but we are extremely optimistic about what we are finding here," Petrobras CEO Magda Chambriard said at an event with President Luiz In�cio Lula da Silva (Workers' Party). Exploration of the well is expected to…
We haven't written up this one. Folha de S.Paulo (English) has the full story — the link below goes straight to it.
