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By Stephen Eisenhammer, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Petrobras, the Brazilian state-run energy giant, has found “good quality” oil in a well in the pre-salt Santos basin, offshore Brazil, the company announced on Friday (June 8th). The oil was found in the third well Petrobras has drilled in the Sul de Guará area, a pre-salt cluster in the Sapinhoá Field, located 320 kilometers off the coast of São Paulo state.

The tip of the reservoir was pierced at a depth of 2,202 meters. The well is being drilled to an impressive 5,058 . . .

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