Core Insights - Petrobras has made a significant hydrocarbon discovery in the Santos Basin's pre-salt Aram block, confirming the presence of hydrocarbons through various methods [1] - The Aram block, acquired in March 2020, is a vital asset in Petrobras' pre-salt portfolio, with Petrobras holding an 80% operating interest [2] - The Aram block is estimated to hold around 1.3 billion barrels of recoverable resources, making it one of the last commercial discoveries in the basin since 2019 [3] Petrobras' Strategy - Petrobras is focused on forming new reserves and revitalizing existing fields to optimize production, reinforcing Brazil's position as a leader in offshore oil and gas production [4] - The recent discovery in the Aram block is crucial for Brazil, especially in light of declining hydrocarbon finds since 2013 and the need for replenishing national-proven reserves [5][6] Industry Context - The discovery in the Aram block may assist Brazil in obtaining approval for oil drilling near the Amazon River, which is part of the country's strategy to finance a transition to green energy [5][6] - Petrobras remains committed to advancing its pre-salt exploration efforts to ensure long-term energy security for Brazil [4]