Petrobras ($PBR) has published a 2026-2030 business plan with more than 7 billion dollars allocated for 40 new wells. For the time being, the company is not losing time, making two new announcements in the pre-salt fields in southeast Brazil and another gas discovery in Colombia.
Announced on April 13th, the company detected hydrocarbons in well 1-BRSA-1404DC-RJS, located 201 km from the coast of Rio de Janeiro state at a depth of 2,984 meters below sea level. This discovery is part of block C-M-477, which has a 30% share from British Petroleum (BP) and 70% from Petrobras.
Prior to this announcement, on March 26th, the company also announced a more relevant discovery in another pre-salt field, this time in the Marlim Sul field, also in the Campos Basin. Classified as “high-quality oil,” it is located in well 3-BRSA-1397-RJS, 113 km from the coast of the city of Campos dos Goytacazes-RJ, at a depth of 1,178 meters. Petrobras holds a 100% share in this field.
Both of these discoveries comply with the 2026-2030 strategy, which relies on using the currently highly profitable Campos Basin to invest in new fields in northern Brazil and overseas.
Gas discovery in Colombia
As a bonus, the company also announced a supplementary gas discovery in the Caribbean, in an already operational field with the Colombian company Ecopetrol (EC), where Petrobras (PBR) has a 44% share. This new discovery shows the potential of the Colombian fields and the potential for Petrobras’ ($PBR) long-term engagement in Colombia. The new Copoazu-1 well is located 964 meters below sea level, but only 8 km from the two already operational wells, Sirius-1 and Sirius-2, highlighting the region’s exploration potential and continuous exploration in Colombia.