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Stock impact report

Petrobras and Ecopetrol announce major gas finds in Colombia [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
The finds by Brazil's Petrobras in the Guajira Offshore Basin are estimated to hold around 6tcf of gas in place. Petrobras said the discoveries at the Uchuva-1 and Uchuva-2 wells, now known as Sirius-1 and Sirius-2, indicate a substantial addition to Colombia's gas reserves. Petrobras, with a 44.4% operatorship stake, and Ecopetrol, with a 55.6% interest, jointly operate the Tayrona block where these wells are situated. The Sirius-1 well is located in deep waters at a depth of 837m, approximately 32km from the coast and 76km from Santa Marta city. The consortium plans to continue the development of the area, adhering to the contractual agreements with the National Hydrocarbons Agency. However, the commercial viability of the reserves will require further analysis and studies. The drilling of the Uchuva-2 appraisal well began in June to evaluate the natural gas discovery initially made at the Uchuva-1 exploration well in July 2022. Petrobras general manager for exploration Show less Read more
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