Oil & Gas

Petrobras announces new discoveries of oil and gas in the pre-salt Santos Basin

Rio de Janeiro - Petrobras has released a note stating it had struck oil and natural gas in the pre-salt Santos Basin. According to the company statement, the discovery of a new deposit occurred in the reservoirs of Block BM-S-9 (Sea Basin of Santos 9), from the drilling of the well known informally Abaré West.

The area is operated by Petrobras, which operates the block with 45% stake in a consortium which also includes the BG Group (30%) and Repsol (25%). According to the statetement, it will be given continuity to the activities and investments needed for the evaluation of the deposit as the evaluation plan approved by the National Oil, Gas and Biofuels (ANP).

According to Petrobras, the oil field is located in the assessment of well 1-SPS-50 (Carioca), about 290 kilometers off the coast of the state of Sao Paulo at a depth of 2163 meters water depth. (…) This is the fourth well drilled in block BM-S-9, all with evidence of the existence of oil and gas.

Read the full article at: http://www.agenciabrasil.gov.br/noticias/2009/09/14/materia.2009-09-14.6021200388/view