Brazilian state-run oil company Petrobras confirmed on Friday a second crude oil discovery at the Morpho exploratory well, located in ultra-deep waters of the Foz do Amazonas basin, off the coast of Amapá state. The find corresponds to a new hydrocarbon-bearing zone detected while deepening the well to evaluate other areas of exploratory interest.
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The Morpho well is situated approximately 175 kilometers off the coast of the Amazonian state of Amapá, in a zone with a water depth of 2,886 meters, within block FZA-M-59.
Petrobras, which operates the block and holds a 100% stake, reported that the new occurrence was identified through electric logs, indications observed in rock formations, and fluid samples obtained during drilling.
Laboratory analyses are underway, and the data will be integrated with other information gathered during drilling to evaluate the petroleum systems and resource potential of the Foz do Amazonas sedimentary basin. Regarding the discovery announced in August, the Brazilian state-run company stated that analyses already conducted confirm the high quality of the oil found.
Margem Equatorial: Petrobras faz nova descoberta de petróleo em águas ultra profundas na costa do Amapá. Nesta sexta-feira (2), haverá coletiva de imprensa às 15h com a presença da presidente da estatal, Magda Chambriard. #PETR4 pic.twitter.com/4qPB5cuifc
— BRICS Brasil 🇧🇷 (@sitebricsbrasil) October 2, 2026
The text reads, “Equatorial Margin: Petrobras makes new oil discovery in ultra-deep waters off the coast of Amapá. On this Friday (2), there will be a press conference at 3 p.m. with the presence of the state-owned company’s president, Magda Chambriard.”
The area where Morpho is located is part of the controversial Brazilian Equatorial Margin, considered by Petrobras to be a new strategic oil exploration frontier for replenishing its oil and gas reserves and meeting the country’s energy demand during the energy transition.
The well’s proximity to the mouth of the Amazon River concerns environmentalists, who have warned of the potentially disastrous impact a spill would have on the region’s ecosystems. Despite environmental concerns, the Brazilian government authorized Petrobras in early September to drill three additional wells in the same area, located approximately 175 kilometers offshore and 500 kilometers from the mouth of the Amazon River.
The oil company plans to invest $2.5 billion in the region between 2026 and 2030—Brazil’s major bet on increasing its crude oil production in the coming decades.
As the October 4th election approaches, political campaigning reaches its final day amid Brazil’s strict electoral regulations. According to a recent Guardian report, concerns are mounting about foreign political influence and campaigns that question the legitimacy of Brazil’s… pic.twitter.com/ScY9zb7EMB
— teleSUR English (@telesurenglish) October 1, 2026
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no wonder why the US is so thirsty to meddle in Brazil’s elections
