Petrobras finds light crude off Brazil coast

Sao Paulo, August 21, 2009

State-run oil giant Petrobras has said it found light crude in reserves situated off the coast of the state of Rio de Janeiro.

Preliminary studies indicate around 280 million barrels of light crude found about 120 kilometers (75 miles) off the coast of Rio de Janeiro state in the Campos basin, the company said in a statement. – Reuters

Tags: Crude | Brazil | Rio de Janeiro | Petrobras |