02:35 PM EDT, 08/25/2025 (MT Newswires) -- Petroleo Brasileiro (PBR) started an emergency drill in the Foz do Amazonas basin of Brazil on Sunday as it moves closer to receiving an environmental license to drill an oil and gas well in the region, Reuters reported Monday, citing a company statement.

The pre-operational assessment is expected to involve over 400 people and logistical resources including vessels, helicopters, and a drilling rig at the site of the planned well, according to the report.

Petroleo Brasileiro did not immediately respond to a request for comment from MT Newswires.

Shares rose 1.3% in recent afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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