The company sees potential in the region to install the first floating production, storage and offloading vessel in the ultra-deepwater section of the Espirito Santo basin.
According to one source, Petrobras and project partner Statoil of Norway are in discussions to channel an adequate amount of investments to de-risk the Sao Bernardo post-salt find in Block BM-ES-22A.
Petrobras twice detected traces of light oil at Sao Bernardo a year ago at a depth of 2021 metres.
