This discovery confirms the high potential for oil and gas in this basin, which may result in the increase of expected recoverable volumes in this area, which is already responsible for a substantial part of the production projects of the Gas Production Anticipation Plan (Plangas).
The 4-ESS-177 well was drilled in water depths of 708 meters offshore Espirito Santo state and found 101-meter thick gas-saturated sandy reservoirs at a depth of 3,417 meters. The well, located in block BM-ES-5, is operated by Petrobras and El Paso is a minority partner.
In addition to the gas, oil was also found by the 4-ESS-177 well in shallower reservoirs, at a depth of 2,461 meters. This discovery also reinforces the high potential of prospects not yet drilled in the same block.
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