Petrobras has identified the presence of hydrocarbons in an exploratory well being drilled in block FZA-M-59, in deep waters off Amapá, in the Foz do Amazonas sedimentary basin, on the Brazilian equatorial margin. The Morpho well (1-BRSA-1405-APS) is located approximately 175 km from the coast of the state of Amapá, at a water depth of 2,886 meters.

"Our optimism regarding the Brazilian equatorial margin is confirmed today. This first discovery off the coast of Amapá is the result of Petrobras' dedication and competence, which is committed to replenishing oil reserves and to the country's energy security," said Petrobras' President, Magda Chambriard.

The hydrocarbon-bearing interval was confirmed through electrical logs and rock indicators. Drilling operations remain ongoing, aiming to continue the exploratory assessment, safely and with respect for the environment and for people.

Petrobras' operations in block FZA-M-59 are aligned with the company's strategy of replenishing oil and gas reserves through exploration in frontier areas, aiming to meet the country's energy demand during the just energy transition.

Petrobras is the operator of the block and holds 100% of the stake in the area. The block was acquired in the 11th ANP Bidding Round, in 2013, under the concession regime.