Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Petrobras: Jupiter Well Extends Natural Gas Deposit

change text size

RIO DE JANEIRO - Brazilian state-owned energy giant Petroleo Brasileiro, or Petrobras, said a second well at the Jupiter natural gas discovery showed a continuous reservoir at the field, helping extend the dimensions of the find.

Petrobras said that drilling on the second well at Jupiter was ongoing, finding natural gas and condensates as part of a 176 meter oil column. Petrobras operates the block containing the discovery with an 80% stake, while the local unit of Portugal's Galp Energia holds the remaining 20%.

The discovery of a continuous reservoir at Jupiter could help increase the chances that Petrobras would move forward with development at the site, which is one of the farthest offshore subsalt fields at 275 kilometers off the coast of Rio de Janeiro state. Natural gas production would likely require an extensive pipeline or the use of a floating plant to liquefy the natural gas for shipment to the coast or export.

Initial estimates are that the field could hold 930 million barrels of oil and 1 billion cubic feet of natural gas.

Copyright (c) 2012 Dow Jones & Company, Inc.


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Project Manager/Engineer
Expertise: Petroleum Engineering
Location: Sugarland (Houston), TX
PLC Engineer
Expertise: Petroleum Engineering|Refinery Specialist
Location: Sugarland (Houston), TX
Business Development Manager - Drilling
Expertise: Business Development|Sales & Marketing|Subsea Engineering|Umbilicals, Risers and Flowlines
Location: Houston, 
search for more jobs