Devon Energy announces pre-salt discovery offshore Brazil

Devon Energy Corp. has announced a pre-salt oil discovery on block BM-C-32 in the Campos Basin, offshore Brazil. This initial exploratory well on the Itaipu prospect was drilled to a total depth of 16 240 ft and encountered approximately 240 ft of oil column, at least 90 ft of net oil pay and no oil/water contact. The company operates the well with a 40% working interest. The Itaipu discovery is located 78 miles southeast of Vitoria City, Espirito Santo State, in 4400 ft of water.

Wahoo discovery
The new discovery is approximately 6 miles southeast of the giant pre-salt Jubarte Field and 16 miles 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.

2010 exploration programme

Devon's partners in Block BM-C-32 include Anadarko Petroleum Corp. with a 33.3% working interest. SK Energy Co., Ltd holds the remaining 26.7% working interest.

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. The company has identified 20 prospects (including Wahoo and Itaipu) on its leases with net unrisked resource potential of 2 - 4 billion bbls of oil. The Deepwater Discovery drill ship, currently under long term contract to Devon, will be used for the 2010 exploration programme, which includes four planned wells on concession BM-C-34 as well as delineation of the Itaipu discovery.

Read the article online at: https://www.oilfieldtechnology.com/exploration/04012010/devon_energy_announces_pre-salt_discovery_offshore_brazil/