MercoPress. South Atlantic News Agency

Petrobras confirms oil off the Amapá coast but cannot yet estimate the volume

Brazil's state-controlled Petrobras confirmed on Monday the presence of oil in the Morpho exploratory well, located in ultra-deep waters off the northern state of Amapá, in the Foz do Amazonas basin. The company cautioned that it cannot yet estimate the volume found or the viability of commercial production. Read full article