Petrobras strikes oil in deepwater Walker Ridge area of GoM

Petróleo Brasileiro S.A (Petrobras) announces a new oil strike at the southeast end of its Walker Ridge concession area in the Gulf of Mexico.

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Offshore staff

RIO DE JANEIRO – Petróleo Brasileiro S.A (Petrobras) announces a new oil strike at the southeast end of its Walker Ridge concession area in the Gulf of Mexico.

The Logan discovery is 400 km (250 mi) southeast of New Orleans, at a water depth of 2,364 m (7,750 ft). The discovery is by well WR 969 #1 (Logan #1), in block WR 969. New exploratory activities will determine the recoverable volumes and commerciality.

Statoil is the operator with a 35% interest. Petrobras América Inc. holds 35%, while Ecopetrol America and OOGC have a 20% and a 10% interest, respectively.

11/04/2011

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