Oil was discovered at the 1-BRS-A-1205-RNS well, informally known as Pitu, on the BM-POT-17 concession in the deep waters of the Potiguar basin offshore Brazil. The oil column was confirmed through log data and fluid samples during drilling. Petrobras (80%) is the operator with partner Petrogal Brasil (20%). After obtaining approval from the National Agency of Petroleum, Natural Gas, and Biofuels for a farm-out agreement, BP Energy do Brazil (40%) will become operator of the concession, with partners Petrobras (40%) and Petrogal (20%).
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