Sepia East in Santos presalt declared commercial

Petroleo Brasileiro SA (Petrobras) has declared commercial an oil accumulation near the Jupiter discovery on Block BM-S-24 in the presalt Santos basin (OGJ Online, Aug. 13, 2015).

In a statement sent to Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), the consortium comprising Petrobras with 80% interest and Petrogal SA Brazil with 20% suggested calling the new field “Sepia East.” The total recoverable volume estimated for the field is 130 million boe.

The field is 250 km from the coast of Rio de Janeiro in 2,165 m of water. The Sepia extension toward Sepia East area was proved during exploratory work.

Petrobras declared Sepia field commercial in September 2014. The company says the field has excellent reservoir characteristics of porosity and permeability with good quality oil of 26º gravity.

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