British Gas Well Offshore Brasil...Is Dry Hole.

REUTERS.

British gas producer BG Group Plc said a well it and partner Petrobras drilled offshore Brasil did not contain hydrocarbons despite an initial test that gas could be present.

"While the Corcovado-2 well in the BMS-52 block had failed to live up to earlier hopes, BG was still evaluating the well results and that the company planned to continue drilling at another site on the block."