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Petrobras identifies hydrocarbons in Amapá offshore exploration well
The Morpho well is in about 2,886 meters of water and Petrobras said it has not yet disclosed whether the find is commercially recoverable.
Petrobras has identified hydrocarbons in an exploration well being drilled in ultra-deep waters off the Brazilian state of Amapá, marking what the company described as its first offshore discovery in the area, according to Yahoo Finance.
The Morpho well, formally known as 1-BRSA-1405-APS, is in the FZA-M-59 block in the Foz do Amazonas Basin, about 175 kilometers offshore and at water depths of 2,886 meters. Petrobras said the hydrocarbon-bearing interval was identified using electrical well logs and rock indications, while drilling is still underway.
Petrobras has not disclosed the size of the accumulation, the type or quality of hydrocarbons, or any estimate of recoverable resources, and it cautioned that the result is an exploration discovery rather than confirmation of a commercially viable oil or gas development.
The company began drilling Morpho after receiving an operating license from Brazil’s environmental regulator Ibama in October 2025, and it previously said the well was designed to collect geological data with no production planned during the exploration phase. Yahoo Finance also notes Petrobras’ 2026 to 2030 business plan calls for about $2.5 billion in investment in the region and drilling 15 exploration wells over the five-year period.