Petrobras Discovers Oil at Basilisco Well in Brazil's Campos Basin

Petroleo Brasileiro S.A. (Petrobras) announced Wednesday the discovery of new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin post-salt layer offshore Brazil.

The discovery was made while drilling well 1-BRSA-1289-RJS (ANP nomenclature) / 1-RJS-737 (Petrobras nomenclature), informally known as Basilisco.

The well is situated some 89 miles (143 kilometers) from the city of Armacao dos Buzios, on the coast of Rio de Janeiro state, at a water depth of 7,264 feet (2,214 meters). The accumulations consist of heavy oil and can be found in two different reservoir depths, at 10,466 feet (3,190 meters) and at 11,552 feet (3,521 meters).

The consortium of concession BM-C-35, which includes Petrobras (operator with 65 percent) in partnership with BP (35 percent), will proceed with the necessary activities to assess the extension of the discoveries, as well as the concession’s exploratory potential.

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