Brazilian firm makes new deep-water oil find

Sao Paulo, Dec 6 (IANS/EFE) State-controlled oil company Petrobras Wednesday announced a new oil find in ultra-deep waters off Brazil’s northeastern coast.

The crude accumulation was discovered at a spot 85 km off the coast of the city of Aracaju, capital of Sergipe state, at a depth of 2,583 meters, Petrobras said in a statement.

The find was the fourth the company has announced thus far this year in that region.

Petrobras said it will continue conducting studies prior to presenting a plan for developing the deposit to the National Petroleum Agency, which regulates the oil sector.

—IANS/EFE

IANS 2012-12-06 10:38:11

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The memorial statue of Mahatma Gandhi seen on the 65th anniversary of his death in Sao Paulo, Brazil, on January 30, 2013. The statue was offered by the Indian government in 2002 to commemorate the freedom fighter assasinated on January 30, 1948 in New Delhi. AFP PHOTO/Yasuyoshi CHIBA (Photo credit should read YASUYOSHI CHIBA/AFP/Getty Images)

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