Petrobras confirms deepwater presalt oil discovery in Santos basin

Petróleo Brasileiro S.A. (Petrobras NYSE:PBR) has confirmed the presence of good quality oil (31º API) in ultra deepwater Santos basin  presalt.

Sagitario well by Petrobras
Sagitario well by Petrobras

Offshore staff

RIO DE JANEIRO –Petróleo Brasileiro S.A. (Petrobras NYSE:PBR) has confirmed the presence of good quality oil (31º API) in ultra deepwater Santos basin presalt.  Well 1-SPS-98 (1-BRSA-1063-SPS), informally known as Sagitário, is the first well drilled in block BM-S-50 and is 194 km (120.5 mi) off the coast of São Paulo state in 1,871 m (6,137 ft) of water.

The oil was found in carbonate reservoirs below the salt layer at a depth of 6,150 m (20,172 ft). The well is still drilling toward the planned depth of 6,950 m (22,796 ft), with the aim of defining the base of theoil reservoirs

Petrobras has found several producing areas in Santos basin.

Petrobras is the operator of the consortium (60%) in partnership with BG E&P Brasil (20%), and Repsol Sinopec Brasil (20%).

2/26/2013

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