Ultra-deepwater oil drilling pays for Petrobras

Feb. 29, 2012
Petróleo Brasileiro S.A. (Petrobras) has another presalt discovery in the Campos basin.

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