Petrobras Makes Oil Find

Petrobras Makes Oil Find
Petrobras confirms oil of 'excellent quality' at well 9-BUZ-48D-RJS, which is located in the extreme northwest of the Buzios field in the Santos Basin.

Petrobras announced Tuesday that it has confirmed oil of “excellent quality” at well 9-BUZ-48D-RJS, which is located in the extreme northwest of the Buzios field in the Santos Basin.

Situated 116 miles from Rio de Janeiro, the well was drilled at a water depth of 6,069 feet. Tests carried out from a depth of 18,175 feet confirmed the presence of an oil reservoir of “excellent quality”, according to Petrobras, which said the discovery reinforces the potential of the pre-salt in the Buzios field. Petrobras is the operator of the Buzios field consortium with a 90 percent interest. CNOOC holds a five percent stake in the project and CNODC holds the remaining five percent interest.

In April this year, Petrobras announced that it had identified the presence of oil in an exploratory well located in the Campos Basin. The well, informally called Natator, is located 80 miles from Macae, in water depths of 3,543 feet. During the same month, the company revealed that it had identified the presence of oil in the pioneer well of the Uirapuru block, which is located in the Santos Basin pre-salt.

The Santos Basin is the largest offshore sedimentary basin in Brazil, covering total area of over 135,000 square miles, all the way from Cabo Frio to Florianopolis, Petrobras’ website highlights, adding that the first investments in exploration and production studies for this basin date back to the 1970s.

Founded back in October 1953, Petrobras is a publicly held company operating specializing in the oil, natural gas and energy industry. The company  - which contains exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and biofuel segments - produces 2.77 million barrels of oil equivalent per day and runs more than 100 production platforms, its website shows.

To contact the author, email andreas.exarheas@rigzone.com



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