Petrobras hits pay in Santos basin with Iguaçu well

Offshore staff

READING, UK -- Well 4-BRSA-709 (4-SPS-60), known as Iguaçu, has proven the presence of another accumulation of light oil in the BM-S-9 concession in the Santos basin, according to Petrobras.

Further evaluation of the discovery will continue in line with the National Petroleum Agency (ANP) approved evaluation plan. The drilling of another well in this evaluation plan area will begin shortly, the company says.

The BM-S-9 concession comprises two evaluation plan areas:
Carioca - 1-BRSA-491-SPS (1-SPS-50)
Guará - 1-BRSA-594-SPS (1-SPS-55)

Iguaçu is in 1-SPS-50 (Carioca), around 340 km (211 mi) off the coast of São Paulo State in 2,140 m (7,021 ft) of water.

04/15/2009