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| Name | Symbol | Market | Type |
|---|---|---|---|
| Petroleo Brasileiro ADR | NYSE:PBR | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.91 | -5.25% | 16.43 | 16.86 | 16.30 | 16.86 | 26,048,446 | 01:00:00 |
From May 2019 to May 2024
By Dominic Chopping
Norway's Statoil ASA (STO) said Monday that the Gavea appraisal well offshore Brazil has been completed, encountering a hydrocarbon column of 175 metres.
It said the well reached a total depth of 6,230 metres and was successfully tested producing around 16 million standard cubic feet (scf) of gas and 4,000 barrels per day of oil.
Repsol Sinopec Brasil (35%) is operator of the BM-C-33 block with Statoil (35%) and Petrobras (30%) as partners.
As announced in December 2015, Statoil will take over operatorship of the licence. This is expected to happen in the third quarter of 2016, subject to the approval from Brazilian authorities.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics
(END) Dow Jones Newswires
April 18, 2016 08:55 ET (12:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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