The most controversial blocks for exploration are located offshore at the mouth of the Amazon River basin. Petrobras, a government-controlled oil company, is pushing to begin preliminary drilling in search of new oil reserves.
Recent oil and gas discoveries announced in regions continuing to these borders, especially in neighboring Guyana and Suriname, indicate significant oil production potential for the Brazilian Equatorial Margin.
Petrobras Discovers Oil In Ultra-Deep Waters Of The Potiguar Basin oilandgasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgasonline.com Daily Mail and Mail on Sunday newspapers.