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Petrobras Confirms Hydrocarbon Discovery in Foz do Amazonas, Opening Highly Contested New Brazil Oil Frontier

State-controlled Petrobras has confirmed an oil and gas find in the environmentally sensitive Foz do Amazonas Basin, a strategic move to replenish its reserves.

By Diane Cole

Published Aug 20, 2026, 3:22 PM UTC

State-controlled Petrobras has confirmed an oil and gas find in the environmentally sensitive Foz do Amazonas Basin, a strategic move to replenish its reserves.

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