RIO DE JANEIRO, Sept 17 (Reuters) - Brazil’s state-run oil company Petrobras plans to drill 200 wells in the country’s offshore subsalt area by 2019, the company’s head of subsalt operations said on Wednesday.
Carlos Tadeu Fraga, executive manager of subsalt operations at Petroleo Brasileiro SA as the company is formally called, made the comments at a conference in Rio de Janeiro.
The subsalt region off the coast of Rio de Janeiro is home to giant new offshore oil discoveries trapped far beneath the seabed by a layer of salt. It is also home to 80 percent of Brazil’s current output. (Reporting by Jeb Blount, writing by Stephen Eisenhammer, Editing by Franklin Paul)