Petrobras Makes Discovery In Santos Basin

Petrobras reports that hydrocarbons have been discovered in Block BS-3 in the Santos Basin offshore the southeast coast of Brazil. Based on log reports, well 1-SCS-10 found hydrocarbons in the upper zones of the Guaruja formation in zone B1. No production testing has taken place.

The well has incurred mechanical problems and Petrobras has been unsuccessful in continuing operations without sidetracking the well. Encouraged by the preliminary indications, the partners in the joint venture have decided to sidetrack the well, which will also permit investigation of the hydrocarbon potential in zones B2, B3 and B4. The sidetrack is scheduled to take up to a month to complete.