Oil discovery in Angola
Rio de Janeiro,
February 18, 2010 � Petr�leo Brasileiro S.A. � Petrobras, announces two new
oil discoveries made in Block 15/06, in deep Angolan waters. The Company
holds 5% stakes in Block 15/06 and Eni is the operator, holding 35% of the
working interest in it.
The wells Nzanza-1
and Cinguvu-1 are located around 350 km northwest of Luanda, in a water depth
of some 1.400 meters.
test, the Nzanza-1 well produced oil with a density of 18 API gravity at
rates above 1,600 barrels/day. At Cinguvu-1, the production test reached a
maximum flow of 6,400 barrels/day of oil with a density of 23 API gravity.
The other partners
are Sonangol P&P (15%), SSI Fifteen Limited (20%), Total (15%), Falcon
Oil Holding Angola AS (5%), and Statoil Angola Block 15/06 AS (5%).
Nzanza-1 and Cinguvu-1
results follow the success of Caba�a Norte-1 reaching a count of three
consecutive oil discoveries in the block in 2009, and five in total,
including Sangos and N�Goma drilled by Block 15/06 partnership in 2008. Additional
exploratory wells will be drilled in Block 15/06 yet this year.
Contacts: PETR�LEO BRASILEIRO S. A. - PETROBRAS
Investor Relations Department I E-mail: email@example.com /
Av. Rep�blica do Chile, 65
� 22nd floor - 20031-912 - Rio de
Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947
This document may
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (Securities Act), and Section 21E of the
Securities Exchange Act of 1934, as amended (Exchange Act) that merely
reflect the expectations of the Company�s management. Such terms as
�anticipate�, �believe�, �expect�, �forecast�, �intend�, �plan�, �project�,
�seek�, �should�, along with similar or analogous expressions, are used to
identify such forward-looking statements. These predictions evidently involve
risks and uncertainties, whether foreseen or not by the Company. Therefore,
the future results of operations may differ from current expectations, and
readers must not base their expectations exclusively on the information