Petrobras (PBR) Gets Nod for 2-ANP-1RJS Well Production

Petrobras (NYSE: PBR) is in focus Friday morning following reports that the company was authorized to commence drilling in the Buzios field.

According to Bloomberg, PBR received approval from Brazil's oil regulator, ANP. Production will begin in well 2-ANP-1RJS, located in pre-salt of Santos basin.

The temporary system allows for production for about seven months.

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