Brazil’s Petrobras Finds Oil Again. This Time, Light and Plentiful

Petrobras rig Brazilian state-controlled gas and oil multinational Petrobras announced late last week a new oil discovery in the Campos Basin post-salt layer (carbonate reservoirs), on the northern shore of Rio de Janeiro state.

The discovery was made while drilling the well informally known as Aruanã, in Exploratory Concession BM-C-36 (block C-M-401), which is operated exclusively by Petrobras.

According to a press statement by the oil company, preliminary analyses indicate not only the presence of recoverable volumes of some 280 million barrels of light oil (28º API), but also good productivity.

Block BM-C-36 was acquired in the seventh round of bidding held by the National Petroleum Agency (ANP) on October 17 and 18 2005.

The discovery well is located nearly 120 km off the coast of Rio de Janeiro and at a water depth of 976 meters.

The discovery was proved based on assessments (lined well formation test) in reservoirs located at depths ranging from 2,993 to 3,123 meters. It will now be the object of an Assessment Plan to be submitted to the ANP.

According to information disclosed by the company, between 2007 and 2009, in geologically similar reservoirs to this one, also in Campos Basin, Petrobras drilled wells Jurará and Muçuã, at water depths of 1,200m, in Marlim Sul Field.

These wells allowed for joint estimations of 350 million recoverable barrels of oil (27º API). The development of these projects has been foreseen in the 2009-2013 Strategic Plan, which forecasts investment of US$ 174.4 billion. Early production is being deployed at platform P-51, which already produces oil in the area, and, in 2011, at platform P-56, which is currently under construction.

Petrobras recalls that the world water-depth record for production in the type of reservoir announced today (carbonates) was set at the Marlim Leste field in February 2009, with the drilling of well 7-MLL-54HP, which reached a water depth of 1,413 m.



You May Also Like

Lula Says Brazil-Paraguay Link Is Like a Father-Son Relationship

On justifying the Itaipu hydroelectric energy agreement signed last July with Paraguayan president Fernando ...

Getting High in Porto Alegre or If Only Lula Were My President

Dateline: Porto Alegre, Brazil. If the critics of globalization who massed here are divided ...

Stop Treating Brazil as a Colony in Need of Civilization Lessons!

Legend has it that, while surrounding Madrid with his troops during the Spanish Civil ...

“Wonderful Meeting of Minds,” Says Obama About Meeting with Brazil’s Lula

US President, Barack Obama, after his first meeting with Brazil's President, Luiz Inácio Lula ...

Arabs and Brazil Keep the Talks and Deals Going

The Arab Brazilian Chamber of Commerce (CCAB), in partnership with the Brazilian Export Promotion ...

Slavery Lives

Brazilian Indians who learned the Portuguese and received some schooling are being expelled from ...

The ultimate feijoada experience

For 300 years, feijoada has reigned supreme in the Brazilian kitchen. Invented by slaves, ...

Brazil Steps Up Search for Slave Workers

In Brazil, beginning this week, the searches for enslaved laborers in the states of ...

Confessed Murderer of Indian Released from Jail in Brazil

The man who confessed to the murder of Dorvalino Rocha, a Guarani Kaiowá leader ...

Brazil’s Lula Urges World Market to Be More Just with the Weaker

Tuesday, November 22, in Luziânia, state of Goiás, forty kilometers from BrasÀ­lia, capital of ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]