Brazil’s state controlled oil company, Petrobras, has announced the discovery of good quality oil in the third well drilled in the Santos Basin pre-salt cluster’s Sul de Guará region.
According to the Rights Transfer contract, Petrobras is entitled to produce up to 319 million barrels of oil equivalent in this area.
This discovery well, 1-BRSA-1045-SPS (1-SPS-96), lies 320 km off the coast of the State of São Paulo and is located in the southern portion of Sapinhoá Field at a water depth of 2,202 meters.
Cable tests were used to confirm that the discovery was good quality oil (around 27º API). A sample was taken from carbonate reservoirs below the salt layer.
Petrobras said that after the completion of drilling, a formation test will be conducted to evaluate the productivity of the oil reservoirs, in line with the activities and investments set out in the Mandatory Exploration Program annexed to the Rights Transfer Contract.
[mappress] Offshore Energy Today Staff, June 1o, 2012