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Petrobras Finds Oil In Colombia's Upper Magdalena Valley Basin

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December 19, 2012


Brazil's state-led oil company Petroleo Brasileiro SA said on Wednesday that it found medium grade crude oil in a well drilled in the Upper Magdalena Valley Basin in Colombia's Tolima province, a potential expansion of an existing production area. The oil, at 23.9 degrees on the American Petroleum Institute (API) scale, was found in the Guando SW1 well drilled to a final depth of 1,576 meters (5,171 feet), the Rio de Janeiro-based oil company said in a statement.