Petrobras announces extension well confirms discovery in pre-salt of Santos Basin

Tuesday, April 10, 2012
  • Petrobras announces it has completed drilling extension exploratory well 3-BRSA-1032-RJS (3-RJS-697), located in the Iara Evaluation Area, in the pre-salt of Santos Basin.

The well is 223 km off the coast of Rio de Janeiro, some 9 km from the discovery well, at a water depth of 2,150 meters. The well, informally known as Iara Oeste, is the third well drilled in the Discovery Evaluation Plan 1-BRSA-618 (Iara) and reached the total depth of 6,050 meters.

The result was confirmed through good quality oil samples ranging from 21º and 26º API in carbonate reservoirs of the pre-salt, as of 5,430 meters in depth, demonstrate the high potential of the pre-salt reservoirs of this area.

The consortium will advance the activities set forth in the Evaluation Plan approved by the National Petroleum, Natural Gas and Biofuels Agency (ANP), including formation tests to evaluate the productivity of the reservoir. Petrobras is the operator of the consortium (65%), in partnership with BG Group (25%) and Galp Energia (10%).

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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