Petrobras hits two new oil discoveries offshore Brazil

Oil giant Petrobras has made two new oil discoveries in Brazilian offshore waters.

In an update on Monday, Petrobras said it had confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field.

Located in the Southeast area of the Búzios field, in the Santos Basin pre-salt, 210 km from Rio de Janeiro, the well has a water depth of 2,108 meters.

This well is in the drilling process and Petrobras has already identified 208 meters of reservoirs, confirming oil with the same quality as the oil produced today in this field.

The oil, of excellent quality and compatible with other wells in this field, was proven through tests carried out from 5,400 meters depth, Petrobras stated.

Petrobras is the operator (90%) of the consortium in the Búzios field, in partnership with CNOOC (5%) and CNODC (5%). The excess volumes from the Búzios field were acquired at an auction held on 6 November 2019.

Located in the Albacora field, inside the Plano de Avaliação de Descoberta (PAD) of Forno area, in the Campos Basin pre-salt, 184 km from Macaé, Rio de Janeiro, the well has a water depth of 450 meters.

The discovery consists of approximately 214 meters of reservoirs, with the presence of light oil, proven through tests carried out from 4,630 meters depth.

Petrobras is the operator (100%) of the Albacora field and will continue the PAD for this area.