Petrobras and ExxonMobil Strike Oil in Campos



Petrobras and ExxonMobil Strike Oil in Campos
Petrobras on Friday reported a new discovery in the pre-salt Campos Basin offshore Brazil.

Petrobras (NYSE: PBR) on Friday reported a new discovery in the pre-salt Campos Basin offshore Brazil.

Located in the CM-411 block, Well 1-BRSA-1377-RJS – also called Urissanê – sits approximately 124 miles (200 kilometers) off the coast of Rio de Janeiro state at a water depth of 9,678 feet (2,950 meters), Petrobras noted in a written statement. Petrobras and ExxonMobil Exploraҫão Brasil Ltda. (NYSE: XOM) each own a 50-percent interest in the Petrobras-operated block.

Petrobras pointed out that well data from Urissanê, which encountered oil in the pre-salt section, will undergo analysis to better target exploratory activities in the area and assess the discovery’s potential. The company did not identify which rig drilled the well.

To contact the author, email mveazey@rigzone.com.



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.