Petrobras Strikes Oil at Grana Padano Well (Brazil)

Petrobras has discovered a new oil accumulation (15° API) in the post-salt layer of the Espírito Santo Basin. It lies within the BM-ES-24 concession (Block ES-M-661), 58 km off the coast of Vitória, capital of Espírito Santo state.

The discovery was made during the drilling of the Grana Padano well, 64 km from the Golfinho Field, at a water depth of 1208 meters. The discovery was confirmed by the gas detector response and profiling data for reservoirs at a depth of 2008 meters.

Petrobras operates the consortium for exploring the concession (40%) in partnership with IBV Brasil (30%) and Anadarko (30%).

The consortium will continue exploring the block and intends to submit a proposed Assessment Plan to the National Petroleum Agency (ANP) with the aim of delimiting the accumulation discovered and estimating reservoir volumes and productivity.

[mappress]
Press Release, July 12, 2012