Business · Energy & Commodities · 3 hrs ago
Petrobras confirms third oil discovery off Brazil’s Amapá coast
Petrobras found another oil-bearing rock layer in the Morpho well off Brazil’s Amapá coast.
The finding is the third discovery in the FZA-M-59 block, in the Equatorial Margin, after announcements in August and early October 2026.
The well lies in ultradeep water 2,886 metres deep, about 175 kilometres from Oiapoque and nearly 500 kilometres from the mouth of the Amazon River.
Petrobras has finished drilling and collecting geological data, but the discovery does not establish how much oil can be produced.
The company sees the region as important because it hopes new discoveries can help offset a future decline in production from Brazil’s pre-salt fields.
The rig will move to the Potiguar basin in Rio Grande do Norte to begin drilling at the Mãe de Ouro location.
Petrobras confirmed a third oil discovery in the Morpho well off the coast of Amapá, Brazil.
The well is in the FZA-M-59 block in ultra-deep waters of the Foz do Amazonas Basin.
The company identified another oil-bearing interval, a layer of reservoir rock containing oil underground.
The well is 175 kilometres off the coast of Oiapoque and lies in water 2,886 metres deep.
Petrobras said drilling and geological data collection at the site are complete and it will move the rig to the Potiguar Basin.
- Who
- Petrobras.
- What
- The company confirmed a third oil discovery in the Morpho well.
- When
- Thursday, October 29, 2026.
- Where
- The FZA-M-59 block in the Foz do Amazonas Basin, off Amapá, Brazil.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Petrobras made an earlier discovery announcement in the block.
Petrobras made another earlier discovery announcement in the block.
Petrobras confirmed a third oil-bearing interval in the Morpho well.
Petrobras said it would close operations at the well and move the rig to the Potiguar Basin.
- Discovery
- Third oil discovery in the Morpho well
- Block
- FZA-M-59
- Water depth
- 2,886 metres
- Distance from Oiapoque coast
- 175 kilometres
- Next drilling location
- Mãe de Ouro, Potiguar Basin, Rio Grande do Norte