Brazilian oil company Petrobras announced that it has discovered “high-quality” oil in the ultra-deep waters of the Santos Basin, in the Atlantic Ocean

Petrobras announced the early operation of a new offshore platform with the capacity to extract up to 100,000 barrels of oil per day (bpd) and 5 million cubic meters of natural gas

The Brazilian oil company has signed a contract with the multinational Seatrium O&G Americas to acquire two new offshore platforms to expand production in deepwater areas