Videocon: Wahoo Appraisal Well Hits Oil Column (Brazil)

Videocon Successful Appraisal of Wahoo Prospect (Brazil)

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.”

November 06, 2013