Petrobras discovers oil in Amazon basin; Lula hails sovereignty boost

Published Aug 18, 02:04 PM UTC

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Brazil's semi-state oil company Petrobras announced a new oil discovery in the Amazon basin, specifically in the Morph well off the coast of Amapá state. President Luiz Inácio Lula da Silva traveled to the drilling site and celebrated the find as a 'passport to the future' and a guarantee of national sovereignty, even suggesting Brazil could supply oil to the US. Petrobras Chairwoman Magda Chambriard cautioned that the full extent of the reserves is unknown, with drilling still ongoing. The discovery comes after a January accident that leaked drilling fluid. Petrobras has applied for permits for three more test wells in Block 59. Environmental agency Ibama requires additional data. Scientists warn that an accident could pollute the Brazilian coast, and local social impacts like real estate speculation are already visible. Lula defended the find amid energy transition concerns, citing Brazil's role in biofuels.

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Source

taz.de - taz.deRegional

Original headline: Brasiliens fossile Wirtschaft: Ölfund im Amazonasbecken

Original language: DE

Part of this Story

Petrobras Confirms Major Oil Discovery in Amazon Basin Off Brazil Coast

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Brazil