Petrobras makes third find offshore Santos block
Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, notified the country's National Petroleum Agency
of a third oil find in an offshore Santos Basin block.
The find was made at the BS-500 block in the Santos Basin, off the coast of Rio de Janeiro and Sao Paulo states. The
Peregrine 1 rig spudded the 5BRSA744RJS well at the BS-500 block, drilling to a total depth of 4,163 meters,
according to ANP drilling data.
The notification was the second this month for the prospect. Earlier in August, Petrobras notified the ANP that it
had found traces of oil in the same well. Petrobras holds a 100 % stake in the block.
The BS-500 block was also the site of a discovery in April, when Petrobras said that the 9URG5DRJS well tested
positive for oil and natural gas.
The Petrobras X semi-submersible drilling rig that drilled the wildcat was also in the process of drilling another
well in the block, ANP data showed. The Petrobras X rig was drilling the 7URG6HPRJS well, targeting a depth of 4,592
meters.
Oil companies operating in Brazil must inform the ANP of indications of oil, gas or hydrocarbons in any exploratory
well within 48 hours. The disclosures are routine and do not indicate commercial viability.
