From Agência Brasil · · 1m
Petrobras Finds Amazon Oil
Petrobras discovers third oil field at Amazon River mouth.
In brief
Petrobras discovers third oil field at Amazon River mouth. Petrobras announces third oil discovery at Amazon River mouth in Block FZA-M-59, boosting Brazil's energy reserves. Originally reported by Agência Brasil.
Petrobras announces third oil discovery
Petrobras announced its third oil discovery at the Morpho well in Block FZA-M-59, off the coast of Amapá state, at the mouth of the Amazon River.
“Our technical persistence has enabled us to make three discoveries in the same well, making us even more optimistic about the exploratory potential of the Equatorial Margin.”
Well location and depth
The well is located in ultra-deep waters at a depth of 2,886 meters off the coast of Amapá.
Equatorial Margin exploration
Petrobras has drilled more than 700 wells on the Equatorial Margin, Brazil’s newest frontier for deepwater and ultra-deepwater exploration.
Third-quarter production results
Petrobras reported record oil production of 3.512 million barrels of oil equivalent per day in the third quarter of 2026.
Next steps for operations
The rig will move to the Potiguar Basin to begin drilling at the Mãe de Ouro prospect after completing abandonment procedures.
The takeaway
Petrobras announces third oil discovery at Amazon River mouth in Block FZA-M-59, boosting Brazil's energy reserves.
