OKLAHOMA CITY -- An exploratory well on the Itaipu prospect in the Campos basin, offshore Brazil, has hit pay, according to operator Devon. The well was drilled to a total depth of 16,240 ft (4,950 m) and encountered a 240-ft (73-m) oil column, at least 90 ft (27 m) of net oil pay, and no oil/water contact, the company says.
The Itaipu discovery is in 4,400 ft (1,341 m) of water, 6 mi (9.6 km) southeast of the Jubarte field and 16 mi (26 km) north of the 2008 Wahoo discovery on block BM-C-30. Devon has a 25% working interest in both the Wahoo discovery well and a successful appraisal well drilled at Wahoo earlier this year.
Block BM-C-32 is one of seven offshore exploratory blocks in Brazil held by Devon, six of which are in the pre-salt trend. Devon has identified 20 prospects (including Wahoo and Itaipu) on its leases with net unrisked resource potential of 2 to 4 Bbbl of oil. The Deepwater Discovery drillship, currently under long-term contract to Devon, will be used for the company’s 2010 exploration program, which includes four planned wells on concession BM-C-34 as well as delineation of the Itaipu discovery.
Itaipu prospect well hits pay offshore Brazil
exploratory well on the Itaipu prospect in the Campos basin, offshore Brazil, has hit pay, according to operator Devon.