India’s Videocon Industries Limited yesterday announced it has discovered oil in the Campos basin, offshore Brazil. The company cited Anadarko, its partner in the area, which said the Wahoo-5 appraisal well in BM-C-30 Concession drilled the eastern flank of the Wahoo structure and encountered more than 200 net feet of high-quality pay in a pre-salt reservoir, with a total hydrocarbon column now established at 460 feet.
Anadarko, through a wholly owned subsidiary, holds a 30-percent working interest and is the operator of BM-C-30. BP holds a 25-percent working interest, IBV Brasil (a Brazilian Joint Venture Company equally held by Videocon Energy Brazil Limited, a wholly owned overseas subsidiary of Videocon, and BPRL Ventures N.V., a wholly owned subsidiary of Bharat Petroleum Corporation Limited, a Government of India majority held company) holds 25-percent and Maersk holds the remaining 20- percent working interest.
Wahoo #5 Appraisal Well was spudded on 17th June 2013 using the Blackford Dolphin rig.
Pradeep N. Dhoot , Dubai based Director of Global E&P Business of Videocon Hydrocarbon Holdings Ltd, said ” The notable success of the Appraisal Well ‘Wahoo#5’ in the BM-C-30 Campos Block has further added to the hydrocarbon resources already indicated in the said Block, and is a further addition to the ‘discoveries’ in our Brazilian concessions in Sergipe Basin and Espirito Santos, underlining the value of our efforts in Brazil.”
[mappress] November 06, 2013