Petrobras finds oil in post-salt Espirito Santo basin

Petrobras (PBR:NYSE) has discovered a new heavy oil accumulation (15° API) in the post-salt layer of the Espirito Santo basin.

Offshore staff

RIO DE JANEIRO – Petrobras (PBR:NYSE) has discovered a new heavy oil accumulation (15° API) in the post-salt layer of the Espirito Santo basin.

The well was drilled on the Grana Padano structure in 1,208 m (3,963 ft) of water in the BM-ES-24 concession (block ES-M-661), 58 km (36 mi) offshore Vitória, and 64 km (40 mi) from the Golfinho field.

According toPetrobras, the discovery was confirmed by the gas detector response and profiling data for reservoirs at a subsurface depth of 2,008 m (6,588 ft).

The company operates the concession (40%) in partnership with IBV Brasil (30%) and Anadarko (30%). The partners plan to continue exploring the block and to submit a proposed assessment plan to Brazil’s National Petroleum Agency. The partners aim to delimit the discovery and assess reservoir volumes and productivity.

7/12/2012

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