Petroleo Brasileiro SA Petrobras (Petrobras) has announced the successful confirmation of a gas discovery at the Uchuva-2 well in Colombia. This follows a previous discovery at the Uchuva-1 well in 2022. The Uchuva-2 well, which began drilling on June 19, 2024, is located in deep waters, 31 kilometers offshore at a depth of 804 meters. The discovery is significant for the development of new exploration and production frontiers in Colombia and highlights the region's potential for gas. Petrobras, as the operator of the consortium with a 44.44% working interest, in partnership with Ecopetrol (NYSE: EC) holding a 55.56% working interest, plans to continue drilling to the projected depth and conduct a formation test by the end of 2024. The operations are part of Petrobras' long-term strategy to replenish reserves and meet global energy demands during the energy transition. The company has committed to promptly disclosing material facts to the market.

Petroleo Brasileiro SA Petrobras (Petrobras) has announced the successful confirmation of a gas discovery at the Uchuva-2 well in Colombia. This follows a previous discovery at the Uchuva-1 well in 2022. The Uchuva-2 well, which began drilling on June 19, 2024, is located in deep waters, 31 kilometers offshore at a depth of 804 meters. The discovery is significant for the development of new exploration and production frontiers in Colombia and highlights the region's potential for gas. Petrobras, as the operator of the consortium with a 44.44% working interest, in partnership with Ecopetrol (NYSE: EC) holding a 55.56% working interest, plans to continue drilling to the projected depth and conduct a formation test by the end of 2024. The operations are part of Petrobras' long-term strategy to replenish reserves and meet global energy demands during the energy transition. The company has committed to promptly disclosing material facts to the market.