Third successful oil well drilled offshore Brazil in deepwater block BM-S-8

Petróleo Brasileiro S.A. has a third presalt oil find in block BM-S-8 of deepwater Santos basin.

Offshore staff

RIO DE JANEIRO –PetróleoBrasileiro S.A. has a third presalt oil find in block BM-S-8 of deepwater Santos basin.

Well 4-SPS-86B (4-BRSA-971-SPS), now referred to as Carcará, found 31º API oil at a drill depth of 5,750 m (18,865 ft) in 2,027 m (6,650 ft) water depth 232 km (144 mi) offshore São Paulo state. Drilling continues to look for the lower reservoir limit and to investigate other zones of interest.

Petrobras is the operator of the consortium (66%) in partnership with Petrogal Brasil (14%), Barra Energia do Brasil Petróleo e Gás Ltda. (10%), and Queiroz Galvão Exploração e Produção S.A. (10%).

3/20/2012

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