Petrobras Finds Oil on Brazil's Equatorial Margin, Off the Amapá Coast
27 Articles
27 Articles
The discovery of oil deposits off the coast of the Amazon has reignited the debate on fossil fuels in Brazil. The state-owned oil company Petrobras is celebrating, but scientists and NGOs are issuing new warnings.
Petrobras Finds Oil on Brazil's Equatorial Margin, off the Amapá Coast
Petrobras confirmed hydrocarbons in the Morpho well off Amapá on 14 August 2026, its first find in the Foz do Amazonas basin, but says it is too soon to know if the deepwater oil is commercial. The post Petrobras Finds Oil on Brazil’s Equatorial Margin, off the Amapá Coast appeared first on The Rio Times.
This megaproject, which has been controversial for several years, is supported by the left-wing president, Luiz Inacio Lula da Silva, who believes that his country needs oil revenues to finance its energy transition.
The Brazilian public company announced on Friday that it had found these clues in the context of an exploration contested by environmental defenders.
The state Petrobras announces the discovery of oil in the Foz do Amazonas basin
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