Brazilian state-run energy company Petroleo Brasileiro SA (PBR), or Petrobras, reported an oil and natural gas discovery at an onshore block in the Alagoas Basin late Thursday.
The discovery was made at the inland BT-SEAL-2 block in the Alagoas Basin, according to data on the National Petroleum Agency’s, or ANP, Web site.
Petrobras reported the 5BRSA774AL wildcat well tested positive for traces of oil and natural gas. The well was drilled by the Sonda Convencional 109 rig to a total depth of 2,020 meters.
In recent years, the global economy has been noticeably affected by the pressure on the world’s largest oil producers to keep up with the ever-increasing demand of fuel supply. While countries such as Iran and Mexico struggle to remain exporters, the 2007 discovery of oil in the Santos Basin off the coast of South America, 170-300 miles from Rio de Janeiro, may turn Brazil into the world’s largest oil supplier and lead it to joining OPEC.
The ongoing discovery and production of oil and natural gas in the Santos and Alagoas Basin will bring a plethora of businesses looking to relocate in Rio de Janeiro. Rent in Rio provides luxury and affordable long term leases in and around Rio.