Vipetro confirms Espirito Santo Basin oil discovery

Sep 25, 2009 02:00 AM

The Brazilian independent driller Vipetro Petroleo has notified the country's National Petroleum Agency, or ANP, that it had found traces of oil at an inland well in the Espirito Santo Basin.
The discovery was made at Vipetro's 1VITA6ES wildcat in the ES-T-391 onshore block. Vipetro holds a 100 % stake in the block.

Oil companies operating in Brazil must inform the ANP of indications of oil, gas or hydrocarbons in any exploratory well within 48 hours.
The disclosures are routine and do not indicate commercial viability.

Source / Dow Jones