Petrobras confirms deepwater oil find in Potiguar basin

Petrobras has confirmed an oil discovery in the Piti structure in the deepwater Potiguar basin offshore Brazil.

Petrobras deepwater Potiguar basin offshore Brazil
Petrobras deepwater Potiguar basin offshore Brazil

Offshore staff

RIO DE JANEIROPetrobras has confirmed an oil discovery in the Piti structure in the deepwater Potiguar basin offshore Brazil.

Well 1-BRSA-1205-RNS (1-RNS-158) was drilled in 1,731 m (5,679 ft) of water, 55 km (34 mi) offshore Rio Grande do Norte state. It encountered a 188-m (617-ft) hydrocarbon column with 24º API oil.

A formation test confirmed the reservoir’s satisfactory permeability and porosity, Petrobras adds.

The company and Petrogral, its partner in the BM-POT-17 concession, will continue exploratory activities, with a view to propose a discovery evaluation plan to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP).

BP is currently negotiating to farm into half of Petrobras’ 80% stake.

03/13/2014

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