Brazil Finds 65 Million Barrels of Oil, Mostly Light, Off Rio’s Coast

Petrobras Brazilian state-controlled oil and gas multinational Petrobras announced February 25 two new oil discoveries in Campos Basin, on the coast of Rio de Janeiro. According to the company, the finds were made with the drilling of just one well, named 6-BR-63A-RJS, in Barracuda field, 100 kilometers off the coast.

The sea depth at the site is 860 meters. One of the discoveries was made at 4,340 meters below the sea floor, in the pre-salt layer, and, according to the company, the oil is light and is estimated at 40 million recoverable barrels.

The other, in the post-salt layer, therefore at lower depths, is estimated at 25 million barrels of recoverable oil. Petrobras informs that it already counts on a production and offloading structure in the region, platform P-43.

<img src=”/jtowp/images/stories/2010/feb10/petrobras.jpg” border=”2″ alt=”zzz” hspace=”3″ vspace=”3″ width=”90″ height=”90″ align=”left” />
Petrobras announces new oil discoveries
Petrobras, Barracuda
Newsroom

Brazil Finds 65 Million Barrels of Oil, Mostly Light, Off Rio’s Coast

Brazilian state-controlled oil and gas multinational Petrobras announced February 25 two new oil discoveries in Campos Basin, on the coast of Rio de Janeiro. According to the company, the finds were made with the drilling of just one well, named 6-BR-63A-RJS, in Barracuda field, 100 kilometers off the coast.

The sea depth at the site is 860 meters. One of the discoveries was made at 4,340 meters below the sea floor, in the pre-salt layer, and, according to the company, the oil is light and is estimated at 40 million recoverable barrels.

The other, in the post-salt layer, therefore at lower depths, is estimated at 25 million barrels of recoverable oil. Petrobras informs that it already counts on a production and offloading structure in the region, platform P-43.

Production Up

Petrobras production of oil and natural gas grew 3.8% in January. Average daily production reached 2.525 million barrels, against 2.434 million produced in the same month last year.

In Brazilian fields, average production reached 2.284 million barrels, which represented growth of 2.9% over the volume produced in January 2009. Total production of fields in the country dropped 1% over the volume extracted in December, due to preventive maintenance in three platforms at Campos Basin.

Oil production exclusively in national fields was 1.972 million barrels a day, 2.5% over the volume extracted in January last year and 14,000 barrels below the volume extracted in December 2009.

In Petrobras fields abroad, the volume reached 241,310 barrels in January, growth of 12.3% over the same period last year. According to the company, the expansion was due to the new fields of Akpo and Agbami, in Nigeria.

The volume of natural gas in the national fields was 49.54 million cubic meters a day in January, the same level as that of December and January 2009. Abroad, in turn, production reached 15.91 million cubic meters, expansion of 0.3% over January last year.

Petrobras production of oil and natural gas grew 3.8% in January. Average daily production reached 2.525 million barrels, against 2.434 million produced in the same month last year.

In Brazilian fields, average production reached 2.284 million barrels, which represented growth of 2.9% over the volume produced in January 2009. Total production of fields in the country dropped 1% over the volume extracted in December, due to preventive maintenance in three platforms at Campos Basin.

Oil production exclusively in national fields was 1.972 million barrels a day, 2.5% over the volume extracted in January last year and 14,000 barrels below the volume extracted in December 2009.

In Petrobras fields abroad, the volume reached 241,310 barrels in January, growth of 12.3% over the same period last year. According to the company, the expansion was due to the new fields of Akpo and Agbami, in Nigeria.

The volume of natural gas in the national fields was 49.54 million cubic meters a day in January, the same level as that of December and January 2009. Abroad, in turn, production reached 15.91 million cubic meters, expansion of 0.3% over January last year.

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