Petrobras Makes New Light Oil Discovery in Santos Basin

Petrobras has concluded work on test well 3-RJS-621 where it discovered light oil with a 33 degree API. This new discovery is located about 160 kilometers south of Rio de Janeiro. The well is located in 1,332 meters of water.

The 3-RJS-621 well is located in the Santos Basin in an appraisal area of the former BS-500 block where a large gas find had already been made. In addition to discovering a further oil source, this well has corroborated the gas finds already made as a result of the drilling of well 1-RJS-587.

The new well identified an approximately 40-meter thick sandstone reservoir containing light oil. Appraisal tests made in these reservoirs confirmed good quality oil and a high production potential.

Petrobras is still appraising the volumes, although this find is of particular significance given that it is light oil that has been discovered in a region where reserves of gas and condensate had already been detected.