Brazilian oil company Petrobras has once again found good quality oil in the third well drilled in the area south of Guará, in the pre-salt layer of the Campos basin, the company said in a statement issued Thursday.

The well is located in an area covered by a contract signed by Petrobras and the Brazilian federal government, under the terms of which the company received 75 million reals (US$36.44 million) in exchange for 5 billion barrels of oil extracted from the pre-salt layer.

In March Petrobras announced that a new oil reserve in the pre-salt layer had been discovered in the Santos basin, which already has large oil fields such as the Lula and Iara fields.

Petrobras controls the consortium, with a 66 percent stake, and the remaining partners are Petrogal Brasil (14 percent), which is 100 percent owned by Portuguese group Galp Energia, Barra Energia do Brasil Petróleo e Gás (10 percent) and Queiroz Galvão Exploração e Produção (10 percent). (macauhub)