Brazilian state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Wednesday it has discovered light oil in the northeast Sergipe Basin .

The company said the discovery was made at Well 1 BRSA 851 SES in the SEAL-M-426 block. The company, however, didn't provide an estimate of the discovery's potential volume.

Petrobras holds a 60% stake in the block, while IBV-Brasil controls the remaining stake.
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