BG boosts Carioca potential offshore Brazil

An extended well test by BG Group at the Carioca well offshore Brazil has increased the potential production from the Santos basin discovery.

Offshore staff

READING, UK – An extended well test by BG Group at the Carioca well offshore Brazil has increased the potential production from the Santos basin discovery.

BG says the test at 3-SPS-74 (Carioca Nordeste) indicated potential production of 28,000 b/d of oil. The well currently is producing 23,400 b/d into the FPSO Dynamic Producer.

Area potential was strengthened with the results of well 4-BRSA-973A-SPS (Abaré) 35 km (22 mi) south of the initial Carioca discovery well and 293 km (182 mi) offshore São Paulo state. Here, wireline samples indicated 28° API oil from carbonates at about 4,830 m (15,846 ft). A drillstem test is scheduled.

ANP has approved a revision of activities and has extended the deadline for a Declaration of Commerciality from November 2011 to December 2013. There is no change to the consortium’s plans and schedule for development and production.

BG Group has a 30% interest in Block BM-S-9 which is comprised of two appraisal areas - Guará and Carioca (Petrobras 45%, operator, and Repsol Sinopec 25%).

11/14/2011

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