Petrobras’ Jupiter Extension Well Encounters Gas and Condensate (Brazil)

Petrobras announces that preliminary drilling results of well 3-BRSA-967A-RJS (3-RJS-683A), known as Jupiter Nordeste, located 7.5 km from the Jupiter area’s discovery well (1-BRSA-559A), in the Santos Basin, confirm the presence of natural gas and condensate, as well as the presence of a continuous reservoir between the two wells.

The new well, which is still being drilled, has reached 5,438 meters. It is located in ultra-deep waters of block BM-S-24, at a water depth of 2,161 meters, and 275 km off the coast of Rio de Janeiro.

So far, well 3-BRSA-967A-RJS has detected an oil column of 176 meters in rocks of excellent permeability and porosity.

The consortium that holds the concession of block BM-S-24 will proceed with the activities and investments necessary to assess the area, as set forth in the Assessment Plan approved by the ANP (National Petroleum Agency). Drilling of the well will continue targeting deeper objectives.

Petrobras is the operator of the consortium (80%) in partnership with Petrogal Brasil (20%).

[mappress]
Press Release, October 11, 2012