The company plans to drill the Pacoca exploration well on Block BM-ES-23 in the fourth quarter, project partner PTTEP of Thailand said on Thursday.

Upstream reported last month that Petrobras was forced to delay a new offshore development on a gas-rich light oil trend in the area known as Parque dos Doces, where it has previously unearthed discoveries such as Brigadeiro and Quindim.

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