Ultra-deepwater oil drilling pays for Petrobras

Offshore staff

RIO DE JANEIRO – Petróleo Brasileiro S.A. (Petrobras) has another presalt discovery in the Campos basin. The Pão de Açúcar well in block BM-C-33 in 2,800 m (9,186 ft) of water indicated production of 5,000 b/d of oil and 807,000 cm/d (28.5 MMcf/d) of gas.

The well found a total hydrocarbon column 480 m (1,575 ft) thick, with approximately 350 m (1,148 ft) of that hydrocarbon-bearing. The formation test, performed on a partial section of one of the reservoirs of roughly 220 m (722 ft).

Repsol-Sinopec Brasil is the operator with a 35% stake, in partnership with Statoil (35%) and Petrobras (30%). The consortium plans additional analyses to confirm the extension and volume of the discovery.

2/29/2012

Petrobras BM-C-33

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