Petrobras – Investor Relations


Investor Relations

New oil discovery in Angola

Rio de Janeiro, November 17, 2009. – PETRÓLEO BRASILEIRO S/A - PETROBRAS, announces that the Sociedade Nacional de Combustíveis de Angola, Sonangol E.P. and Petrobras announce a new oil discovery made through well Manganês-01, in Block 18/06, in deep waters, located 200 kilometers away from the city of Luanda.

Drilled at a depth of 1500 meters from the waterline, the Manganês-01 well proved the existence of excellent quality reservoir in an 82-meter column in sandy Miocene reservoirs. In testing operations, oil of some 20 degrees API was produced at high flows and with an excellent productivity index.

Sociedade de Combustíveis de Angola is the concessionaire of Block 18/06. Petrobras is the block´s operator, holding 30% of the stakes for it; Sonangol Sinopec International Limited (SSI) holds 40%; Sonangol P&P, 20%; Geminas, 5%; and Falcon Oil the remaining 5% of the stakes.

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