Drilling of well in transfer of rights area concluded- Petrobras

Drilling of well in transfer of rights area concluded- Petrobras

Petróleo Brasileiro S.A. – Petrobras hereby announces that it has concluded drilling its third well in the transfer of rights area. Called 1-BRSA-1045-SPS (1-SPS-96), the well is located in the south of Guará region of the Santos Basin pre-salt area. The discovery was announced on June 11, 2012, when the well was being drilled.
The discovery well 1-BRSA-1045-SPS (1-SPS-96) is located south of the Sapinhoá field at a depth of 2,202 meters, 320 km off the coast of São Paulo state. It was reached a final depth of 5,760 meters.
Analyses of samples taken from carbonate reservoirs located below the salt layer indicate good quality oil with an API gravity of around 27º. A column of light crude of around 93 meters was identified, with good levels of reservoir permo-porosity (porosity and permeability). The oil/water contact ascertained by the well shows that this accumulation is separate from the Sapinhoá field.
This well is part of the Mandatory Exploration Program. Petrobras is currently evaluating the results and should conclude this stage by September 2014.
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