What is Petrobras's stated timeline and plan for production wells at the new Aram block discovery?

Petrobras plans to build two production wells at the newly discovered Aram block in the Santos Basin by 2030, as announced by CEO Magda Chambriard during a video press conference.

Has Petrobras confirmed that the Aram block discovery is commercially viable for production?

No—according to a Petrobras representative, the company still needs to carry out an assessment of its findings before determining whether production at the Aram block is commercially viable.

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