We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Petrobras Strikes Hydrocarbons in the Campos Basin's Pre-Salt Layer
Read MoreHide Full Article
Petróleo Brasileiro S.A. - Petrobras (PBR - Free Report) recently made a significant hydrocarbon discovery in the pre-salt region of the Campos Basin.
The discovery was made in the 1-BRSA-1394-RJS well, located 105 kilometers off the coast of Rio de Janeiro at a depth of 575 meters. The company confirmed the presence of hydrocarbons via various initial assessment techniques, such as electrical logs, gas shows and fluid sampling. Further laboratory analysis will provide more details about the reservoir’s characteristics.
An Insight Into the Norte de Brava Block
Petrobras fully acquired the Norte de Brava block in December 2022 in the first cycle of the Open Acreage bidding round organized by the National Petroleum, Natural Gas and Biofuels Agency under the Production Sharing regime. This block is considered a vital asset in its pre-salt portfolio, with Pré-Sal Petróleo S.A. as the manager. The company holds a 100% working interest in the block and has completed drilling, with final wireline logging underway.
Strengthening Petrobras’ Pre-Salt Strategy
Petrobras has earmarked $77.3 billion for its Exploration and Production segment over the next five years, with 60% dedicated to pre-salt assets. The Campos Basin discovery is part of this broader strategy, supporting Brazil’s ambitions in deepwater oil production. Beyond Brazil, Petrobras is also engaged in offshore exploration in Colombia, signaling its commitment to expanding its global footprint in energy exploration.
The news of hydrocarbon discovery in the Campos Basin emerged shortly after Petrobras confirmed hydrocarbons in the 4-BRSA-1395-SPS exploratory well of the Aram block, 245 kilometers off Santos-SP at a depth of 1,759 meters in the Santos Basin, validating its strong position in the pre-salt strategy.
PBR’s Zacks Rank and Key Picks
Headquartered in Rio de Janeiro, Petroleo Brasileiro S.A., or Petrobras S.A., is the largest integrated energy firm in Brazil and one of the largest in Latin America. Currently, PBR has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some top-ranked stocks like Delek Logistics Partners, LP (DKL - Free Report) , Archrock, Inc. (AROC - Free Report) and Canadian Natural Resources Limited (CNQ - Free Report) .While Delek Logistics and Archrock currently sport a Zacks Rank #1 (Strong Buy) each, Canadian Natural carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Delek Logistics Partners owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. The Zacks Consensus Estimate for DKL’s 2025 earnings indicates 34.45% year-over-year growth.
Houston-based Archrock is a provider of natural gas contract compression services as well as a supplier of aftermarket services for compression equipment. The Zacks Consensus Estimate for AROC’s 2025 earnings indicates 46.67% year-over-year growth.
Calgary-based Canadian Natural Resources is one of the largest independent energy companies in Canada engaged in the exploration, development and production of oil and natural gas. The Zacks Consensus Estimate for CNQ’s 2025 earnings indicates 5.53% year-over-year growth.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Petrobras Strikes Hydrocarbons in the Campos Basin's Pre-Salt Layer
Petróleo Brasileiro S.A. - Petrobras (PBR - Free Report) recently made a significant hydrocarbon discovery in the pre-salt region of the Campos Basin.
The discovery was made in the 1-BRSA-1394-RJS well, located 105 kilometers off the coast of Rio de Janeiro at a depth of 575 meters. The company confirmed the presence of hydrocarbons via various initial assessment techniques, such as electrical logs, gas shows and fluid sampling. Further laboratory analysis will provide more details about the reservoir’s characteristics.
An Insight Into the Norte de Brava Block
Petrobras fully acquired the Norte de Brava block in December 2022 in the first cycle of the Open Acreage bidding round organized by the National Petroleum, Natural Gas and Biofuels Agency under the Production Sharing regime. This block is considered a vital asset in its pre-salt portfolio, with Pré-Sal Petróleo S.A. as the manager. The company holds a 100% working interest in the block and has completed drilling, with final wireline logging underway.
Strengthening Petrobras’ Pre-Salt Strategy
Petrobras has earmarked $77.3 billion for its Exploration and Production segment over the next five years, with 60% dedicated to pre-salt assets. The Campos Basin discovery is part of this broader strategy, supporting Brazil’s ambitions in deepwater oil production. Beyond Brazil, Petrobras is also engaged in offshore exploration in Colombia, signaling its commitment to expanding its global footprint in energy exploration.
The news of hydrocarbon discovery in the Campos Basin emerged shortly after Petrobras confirmed hydrocarbons in the 4-BRSA-1395-SPS exploratory well of the Aram block, 245 kilometers off Santos-SP at a depth of 1,759 meters in the Santos Basin, validating its strong position in the pre-salt strategy.
PBR’s Zacks Rank and Key Picks
Headquartered in Rio de Janeiro, Petroleo Brasileiro S.A., or Petrobras S.A., is the largest integrated energy firm in Brazil and one of the largest in Latin America. Currently, PBR has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some top-ranked stocks like Delek Logistics Partners, LP (DKL - Free Report) , Archrock, Inc. (AROC - Free Report) and Canadian Natural Resources Limited (CNQ - Free Report) .While Delek Logistics and Archrock currently sport a Zacks Rank #1 (Strong Buy) each, Canadian Natural carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Delek Logistics Partners owns, operates, acquires and constructs crude oil and refined products logistics and marketing assets. The Zacks Consensus Estimate for DKL’s 2025 earnings indicates 34.45% year-over-year growth.
Houston-based Archrock is a provider of natural gas contract compression services as well as a supplier of aftermarket services for compression equipment. The Zacks Consensus Estimate for AROC’s 2025 earnings indicates 46.67% year-over-year growth.
Calgary-based Canadian Natural Resources is one of the largest independent energy companies in Canada engaged in the exploration, development and production of oil and natural gas. The Zacks Consensus Estimate for CNQ’s 2025 earnings indicates 5.53% year-over-year growth.