Petrobras discovers oil in Espirito Santo Basins

Jun 10, 2011 12:00 AM

Brazilian state-run company Petroleo Brasileiro, or Petrobras, announced the discovery of light oil in the Cretaceous reservoirs, off-shore Espírito Santo Basin.
The new well is expected to have an important bearing regarding further exploration activity in the prolific basin.

Drilled at a water depth of 1,900 meters, the 1-BRSA-926D-ESS (1-ESS-205D) well, informally known as Brigadeiro, is located 115 km off the coast of the Espírito Santo state.
Petrobras has a 65 % operating interest in block BM-ES-23 (where the discovery was made), with the other partners being Shell Brasil Petróleo (20 %) and Inpex Petroleo Santos (15 %).

After completion of drilling two other wells in the concession, the consortium will submit an Evaluation Plan to Brazil's national petroleum agency, ANP for delimitation of the discovered resource.
In a separate development, Petrobras confirmed the discovery of oil and gas in three deepwater Hadrian fields in the Gulf of Mexico. The wells -- in the Keathley Canyon concession -- are estimated to hold approximately 700 mm barrels of oil equivalent in combined reserves.

Headquartered in Rio de Janeiro, Petrobras is involved in the exploration, exploitation and production of oil from reservoir wells, shale and other rocks, in refining, processing, trade and transport of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities.

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