RIO DE JANEIRO (Dow Jones), Mar. 11, 2010
Brazilian state-run energy giant Petroleo Brasileiro said Thursday that it had discovered oil at a well in Colombia.
The discovery was made in the Balay inland block. Petrobras holds a 45% operating stake in the block via its Petrobras Colombia Limited unit. Cepcolsa holds a 30% stake, while Petroamerica Oil Corp. has a 15% share and Sorgenia E&P Colombia B.V. holds the remaining 10%.
Petrobras said that the Balay-1 well showed the presence of oil rated at 28 degrees on the American Petroleum Institute's rating scale. Initial flow tests showed production levels at about 1,314 barrels a day.
The well was drilled to a depth of 4,652 meters, Petrobras said.
Copyright (c) 2010 Dow Jones & Company, Inc.
Related Companies
Visit DownstreamToday.com for More News:
Complete coverage of the pipeline, transportation, storage, LNG, refining and petrochemical industries.
Just visit
www.DownstreamToday.com.
Digg It
Stumble it!
Newsvine
Del.icio.us
Technorati
Reddit
Facebook
