Petrobras makes 2nd oil discovery in Equatorial Margin well
Oil was found at almost 2.9 thousand meters deep
TL;DR
- Petrobras found oil in the Morpho well in the Equatorial Margin, 175 km off the coast of Amapá.
- The well is in ultra-deep waters at a depth of 2,886 meters in the Amazon Mouth basin.
- This is the second discovery in the area, the first being in mid-August.
- The Equatorial Margin is considered a new oil exploration frontier with significant potential.
- Petrobras obtained an exploration license for the area from Ibama in October 2025.
- Environmentalists have raised concerns about the exploration's impact, while Petrobras assures safe and environmentally respectful operations.
- A study estimates the Amazon Mouth basin's potential recoverable volume at up to 10 billion barrels of oil equivalent.