Santos basin wildcat penetrates hydrocarbon-bearing zones

PanAtlantic Energy Group, Houston, formerly Vanco Overseas Energy Group, said the Sabia-1X exploratory well operated by its Brazilian subsidiary in the Santos basin offshore Brazil has penetrated multiple hydrocarbon-bearing zones of interest.

Sabia-1X went to a total depth of 4,200 m in 195 m of water on the BM-S-72 block. Wireline logs, reservoir pressures, and fluid samples will be further analyzed in coming months, and the well will be abandoned in accordance with ANP requirements. The well has presalt and shallower objectives.

Meanwhile, the GSF Arctic I semisubmersible will move to the Canario prospect on BM-S-63 early next week, PanAtlantic said. Canario is 20 km southwest of the 2010 Piracuca oil discovery, and Sabia is 20 km southwest of Canario.

PanAtlantic, through its Brazilian subsidiary Vanco Brasil Exploracao e Producao de Petroleo e Gas Natural Ltda., holds a 70% working interest in the BM-S-72, BM-S-63, and BM-S-71 concessions together with Panoro Energy do Brasil Ltda. 15% and Brasoil Round 9 Exploracao Petrolifera Ltda. 15%.

As revealed in July, Vanco Brasil and Ecopetrol Oleo e Gas do Brasil Ltda., a subsidiary of Ecopetrol SA, signed an agreement in which Ecopetrol Oleo will acquire from Vanco Brasil a 30% interest in the three concessions, subject to ANP approval.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...