Petrobras Finds Traces of Oil in Canca Field

Source: Bloomberg 10/7/2011, Location: South America

Petroleo Brasileiro SA, Brazilís state-controlled oil company, found traces of oil in an onshore well in the Canca field of the countryís Espirito Santo Basin.

The discovery in well 6BRSA969ES hasnít yet been declared commercially viable, according to a posting on the website of Brazilís National Petroleum Agency.

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