SOURCE: Industrial Info Resources

April 29, 2008 07:00 ET

Petrobras Discovers Another Large Oil Field in Southern Brazil, an Industrial Info News Alert

BEIJING--(Marketwire - April 29, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Petrobras (NYSE:PBR) recently announced that it has discovered a mega-oil and natural-gas reserve in the country's southern Santos Basin. The reserve, named Carioca, is close to the other two large oil fields discovered in recent months. Petrobras, Shell (NYSE:RDS.A) and Portugal's Galp Energia worked together in the survey and exploration of the reserve area.

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