Petrobras Says Fourth Lara Well Confirms 'Excellent' Productivity
|Wednesday, July 24, 2013
July 24 (Reuters) - Brazil's state-run oil company Petrobras said on Wednesday that it finished drilling its fourth exploratory well in the Iara area of the Santos Basin, a project that confirmed the prospect holds high-quality, medium-grade crude and a strong chance of producing at "excellent" levels.
Petrobras based its conclusions on a formation test in the well, drilled on the BM-S-11 subsalt exploration block in the Santos Basin, 226 kilometers (140 miles) south of Rio de Janeiro, according to a securities filing.
The oil, at 28 degrees on the American Petroleum Institute (API) scale, was found in a carbonate reservoir with high porosity and permeability about 5,260 meters (17,260 feet) below the ocean's surface.
(Reporting by Roberto Samora; Editing by Phil Berlowitz)
Copyright 2015 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you