New Campos basin discovery opens exploratory front

Campos basin exploratory well 4-PM-53 has hit pay, says Petrobras. Drilled 6 km (4 mi) from the PPM-1 (Pampo platform), the well encountered a continuous, 128-m (420-ft) net pay column of 20° API oil in Albian calcareous rocks.

Offshore staff

RIO DE JANEIRO -- Campos basin exploratory well 4-PM-53 has hit pay, says Petrobras. Drilled 6 km (4 mi) from the PPM-1 (Pampo platform), the well encountered a continuous, 128-m (420-ft) net pay column of 20° API oil in Albian calcareous rocks. The reservoirs exhibit excellent porosity and permeability, the company says.

The well has an estimated 25 MMbbl of recoverable oil and is expected to flow approximately 3,000 b/d. According to the company, the discovery opens an important exploratory front to the east of the Pampo and Bicudo concessions.

The well is scheduled to go onstream later this year, Petrobras says. The company is assessing development via the PPM-1 or platform P-7, which is producing in the Bicudo field.

02/11/2010

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