Petrobras (PBR) Confirms Oil in Santos Basin Block; Sees 3-4B BOE
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Dow Jones is reporting that Petrobras (NYSE: PBR) confirms oil in the Santos Basin BM-S-11 Block. Petrobras has estimated that there are 3-4 billion BOE (barrels of oil equivalent) in the region.
The Street is reacting to the announcement: after closing at $39.61, shares of Petrobras are currently trading up about 4% from the close to $41.40.
Petroleo Brasileiro S.A., or Petrobras, together with its subsidiaries, engages in the exploration, exploitation, and production of oil from reservoir wells, shale, and other rocks.
The Street is reacting to the announcement: after closing at $39.61, shares of Petrobras are currently trading up about 4% from the close to $41.40.
Petroleo Brasileiro S.A., or Petrobras, together with its subsidiaries, engages in the exploration, exploitation, and production of oil from reservoir wells, shale, and other rocks.
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