New Oil Accumulation Discovered in the Santos Basin Pre-Salt Layer
Posted on May 22, 2008 – 9:45 am | by vchris
(Rio de Janeiro, May 21, 2008). – PETRÓLEO BRASILEIRO S.A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that the consortium formed by Petrobras (66% - block BM-S-8 operator), with the participation of Shell (20%), and Galp Energia (14%) in ultra-deep Santos Basin waters, has proved the presence of oil in pre-salt reservoirs via well 1-BRSA-532A-SPS (1-SPS-52A). Preliminary analyses indicate oil gravity is between 25 and 28 ºAPI, comparable to that of the other pre-salt oils found in the Santos Basin.
This pioneer well is located some 250 km off the coast of the state of São Paulo, at 2,139 meters water depth (see the Figure below). It was completed on 05/18/08, at a depth of 6,773 meters.
The discovery was proved via an oil sampling by a lined well formation test in reservoirs situated at a depth of nearly 6,000 meters.
The Consortium is preparing a Discovery Assessment Plan to be sent to the ANP, as provided for in the Concession Agreement, giving continuity to the investment activities for block BM-S-8.
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Tags: Brazilian, Energy Company, International, PETROBRAS
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