Petrobras has completed the drilling of well 3-BRSA-1183-RJS (3-RJS-713), known as Bracuhy, located in block BM-S-24, in the Santos Basin pre-salt.

This is the third well drilled in the Jupiter area and its drilling has confirmed a hydrocarbon column of approximately 160 meters, starting at a depth of 5,322 meters, containing rocks of good porosity and permeability. In addition to the gas cap and condensate, the well found an oil column approximately 100 meters thick.

A formation test is expected in the oil-bearing zone to verify its characteristics and the reservoirs' productivity.

The well is located 26 km northeast of the discovery well (1-RJS-652A), known as Jupiter, which, as announced on January 21, 2008, detected the presence of a large deposit of gas (natural gas and CO2), condensate and oil.

Samples collected from the new well have confirmed that these are the same fluids as those found in wild cat well 1-RJS-652A and in extension well 3-RJS-683A.

The new well has a final depth of 5,765 meters and is located 267 km off the coast of Rio de Janeiro at a water depth of 2,251 meters.

The Consortium will proceed with the activities set forth in the Discovery Evaluation Plan approved by Brazil's National Petroleum, Natural Gas and Biofuels Agency (ANP).

Petrobras is the operator of the consortium (80%), in partnership with Petrogal Brasil (20%).