Brazil’s President Luiz Inácio Lula da Silva said on Monday that oil drilling in northern and northeastern coastal regions could be “a passport to the country’s future” after visiting a Petrobras offshore drilling vessel following a find announced last week near the mouth of the Amazon River.
Petrobras, Brazil's majority state-owned corporation, said on Friday that it had detected hydrocarbons during exploratory drilling about 180 kilometers (112 miles) off the coast of Amapa state. The country's coastal regions near the mouth of the Amazon are known as the Equatorial Margin.
