
Discovery in the Morpho well reinforces the state-owned company's expansion strategy in the Equatorial Margin.
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The Equatorial Margin is considered by Petrobras to be one of the country's main exploratory frontiers.
The new discovery of oil in the Morpho well, in the Foz do Amazonas Basin, reinforces Petrobras' strategy of expanding its activities in the Equatorial Margin, considered by the company to be one of the country's main exploratory frontiers. The state-owned company announced the identification of a new accumulation of oil in deeper intervals of the well, located around 175 kilometers off the coast of Amapá.
During a press conference held this Friday (2), the president of Petrobras, Magda Chambriard, classified the operation in the Morpho well as an “exploratory success”, highlighting that the results obtained so far confirm the region’s potential for future discoveries. According to her, the oil found is “good quality”, a characteristic already observed in the discovery announced by the company in August.
The new occurrence was identified after drilling in ultra-deep waters, in a water depth of approximately 2,886 meters. According to Petrobras, rock analyses, electrical profiles and fluid samples confirmed the presence of oil in a second productive zone of the well.
This Wednesday, the ANP is holding the largest oil and gas auctions in Brazil's history, putting 326 blocks up for grabs in the pre-salt and concession basins. The event attracts dozens of global and national oil companies, while facing environmental questions.
Petrobras confirmed a new oil discovery in the Morpho well, located on the Equatorial Margin, Foz do Amazonas basin. Drilling in ultra-deep waters aims to expand the state-owned company's reserves and evaluate the region's exploration potential.

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