, writes Fabio Palmigiani.
Petrobras originally intended to spud an appraisal well, likely at a prospect called Teleferico, later this year at Block BM-S-50 to gather more information on the play.
However, in the wake of a sharp drop in oil prices and a more conservative investment plan for the next five years, Petrobras asked Brazil’s market regulator ANP for extra time to carry out the appraisal programme at Sagitario.
Petrobras
