
Brazil reports year's 5th onshore find

Petrogal Brasil identified gas and oil at onshore field Rabo Branco in northeastern Sergipe state.
The discovery was made at well 4GALP46SE (Petrogal designation KRISHNA-SO), according to hydrocarbons regulator ANP.
The company spud the well on December 31 with the Tuscany 106 rig under contract BT-SEAL-13.
Companies are obligated to report any hydrocarbons discovery within 72 hours. The find does not necessarily constitute a commercial accumulation.
The discovery is the country's fifth onshore find of 2016. Earlier this week, ANP reported Brazil's first offshore discovery of the year.
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