Petrobras Makes Deepwater Discovery in Santos Basin
A consortium formed by Petrobras, BG, and by Portuguese Petrogal found light oil in the 1-BRSA-369A-RJS (1-RJS-628A) well, located in ultra-deep Santos Basin waters.
The well, which is still being drilled, is located in a new exploratory frontier area, where water depth reaches 2,140 meters.
The well, the first one drilled in the BM-S-11 block, is located 250 kilometers away from the southern coast of the city of Rio de Janeiro, and 280 kilometers away from the Duque de Caxias Refinery (Reduc). It represents a historical landmark for oil exploration in Brazil since it is the first one to surpass a layer of salt that is more than 2,000 meters thick, in the marine subsoil, and find oil.
Petrobras operates the block, holding 65% of the participation; meanwhile, BG holds 25% and Petrogal 10%.
Because this is a new exploratory frontier, preliminary results are very important. Nonetheless, additional investments are required to evaluate these reservoirs' volume and productivity.
As required by the legislation in effect, the discovery has been communicated to the National Petroleum Agency (NPA).
- Oil May Bring 400,000 Jobs and $258B in Investments to Brazil (Jan 17)
- Petrobras Sells Rights in 37 Oilfields for $823MM (Nov 28)
- Brazil Subsea Pipeline Project Goes to McDermott (Nov 21)
Company: BG Group more info
- Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands (Jul 11)
- Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals (Jun 29)
- Despite Cuts, Big Oil to Expand Production into the 2020s (Sep 05)
Company: Petrogal more info
- Petrobras Confirms Oil Find at Pitu North-1 Well in Brazil's Potiguar Basin (Nov 18)
- First Oil Flows from 7-SPH-04-SPS Well in Sapinhoa Field in Santos Basin (Apr 07)
- SBM in $3.5B FPSO Deal (Jul 15)