SAO PAULO, Aug 5 (Reuters) - Brazilian state-owned oil company Petrobras (PETR4.SA) , opens new tab said on Monday that it has confirmed a natural gas discovery at the Uchuva-2 well off Colombia's coast.

The natural gas discovery was made during the fourth drilling phase of the Uchuva-2 well, according to Petrobras.

"This well adds relevant information for the development of a new area of exploration and production in Colombia, reinforcing the volumetric potential for gas in the region," the oil giant said in a securities filing.

The Uchuva-2 well is located in deep water. Natural gas had already been discovered in the nearby Uchuva-1 well, drilled in 2022.

The promising area off Colombia's coast could justify a large project to supply natural gas to the Andean country and for exports, a Petrobras executive said earlier this year.

Petrobras operates the asset in partnership with Ecopetrol (ECO.CN) , opens new tab.

The companies will maintain operations to complete drilling at the Uchuva-2 well, Petrobras said. They expect to carry out a formation test by the end of 2024.

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https://www.reuters.com/business/energy/brazils-petrobras-confirms-gas-discovery-colombia-2024-08-05/