Company Developments - Petrobras announced a new oil discovery in the Marlim Sul field located in the pre-salt layer of the Campos Basin off the coast of Brazil, made through exploration well 3-BRSA-1397-RJS [1] - The well was drilled 113km offshore at a water depth of 1,178m, with the identification of the oil-bearing interval based on wireline logs, hydrocarbon shows, and fluid sampling [1][2] - Drilling operations for the new well concluded safely, adhering to health, safety, and environmental standards [2] Industry Context - The Marlim Sul field has been under Petrobras' operation since its discovery in November 1987, and the company holds full ownership of the field [2] - Petrobras is actively working in the Campos Basin to replace reserves in an aging region, which supports the company's long-term viability and helps meet Brazil's energy needs as the country diversifies its energy mix [3] - Brazil has seen oil emerge as its leading export, benefiting from higher global oil prices, and the country's investment in oil and gas production has reduced its vulnerability to oil shocks while pursuing renewable energy leadership [5] Regional Developments - Prior to the Marlim Sul discovery, Petrobras announced a new gas discovery at the Copoazu-1 exploratory well in Colombia's deep offshore waters, which enhances regional energy security with increased gas reserves [4] - The Copoazu-1 well is located approximately 36km from the coastline at a water depth of 964m, and drilling operations commenced in November 2025, proceeding safely with environmental considerations [4][5]

British oil and gas giant BP on Monday announced that it has made its biggest oil and gas discovery in more than two decades thanks to a drilling operation off the coast of Brazil. https://t.co/16P6SMnHjG ...